MP: There is no draft budget law for 2026… Finance Ministry focuses on controlling spending
MP Ahmed Haji Rashid confirmed on Monday that there is no draft budget law for 2026 at present, indicating that the legal procedures for its preparation will begin in the middle of next year.
Rashid told the Information Agency, “The preparation of the 2026 budget is not underway now; rather, its outlines and preparation are scheduled to begin in May 2025,” explaining that “what is being circulated now is merely speculation.”
He added that “there are accurate financial statements issued by the Ministry of Finance and submitted to the Federal Board of Supreme Audit to regulate the current expenditure mechanism,” noting that “these procedures aim to ensure transparency in spending while awaiting the legal deadlines for preparing future budgets.”
Almaalomah.me