Treasurer Bill Yan delivered his second budget Tuesday morning that contains no “lollies or sweets”, with the Finocchiaro CLP Government overseeing a record net debt that will now top $11.35 billion this year and grow to $12.56 billion in 2026-27 – less than previously estimated due to better than expected revenue streams and less spending on infrastructure projects – while Mr Yan said the government is “living within our means” despite no substantive plans to reduce the debt.












