Lesotho is projecting a budget surplus of 2.2 billion maloti (USD 117 mln) for FY24-25. However, total revenue is expected to decrease by almost 7%, attributed to a slowdown in nominal GDP and reduced corporate taxes from major sectors due to losses. The country anticipates an economic growth rate of 2% in 2024-25, driven by a resurgence in diamond mining and expansion in the construction sector.