“With a unique experience,” a government advisor reveals the features of the 2026 budget.
The Prime Minister’s financial advisor, Mazhar Muhammad Salih, revealed the outlines of the draft general budget law for next year, 2026, as the 2025 fiscal year draws to a close and the countdown to the conclusion of the current parliamentary session begins.
Saleh said in a press statement that the 2026 budget “will involve a unique financial experience, characterized by precision and the ability to manage economic activity. It will witness an expansion of the fiscal space, which means a greater ability to collect non-oil revenues.”
He explained that, “According to the current Federal Financial Management Law No. 6 of 2019, as amended, the financial authority, in cooperation with the Ministry of Planning, is currently working to prepare the broad outlines of the 2026 budget, in preparation for presenting it to the Ministerial Council for the Economy next September.
It will then be referred to the government to discuss its constants and variables before submitting it to the House of Representatives in accordance with the constitutional process.”
Saleh explained that, “The draft 2026 budget law will involve a unique financial experience, characterized by precision and the ability to manage economic activity, especially since government spending constitutes nearly 50% of the gross domestic product.”
He added, “The upcoming budget will build on a previous successful experience in medium-term financial planning for a period of three years, in accordance with Federal General Budget Law No. 13 of 2023.”
The Prime Minister’s advisor explained
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