This Budget Brief provides an overview of the FY 2025–2028 Medium-Term Revenue Program within the context of the Medium-Term Fiscal Framework. This document emphasizes the role of the framework in supporting the government’s fiscal consolidation strategy. Revenue projections are contrasted against recent revenue performance to determine the feasibility of achieving MTFF targets. Alternative tax revenue forecasts from the CPBRD are also presented alongside the DBCC projections to surface potential shortfalls under more conservative macroeconomic assumptions. The Brief also includes an analysis of the 2024 revenue performance, an evaluation of the status of the government’s priority tax policy reforms, and a menu of reform options that can potentially boost revenues and improve the design of the tax system.