An economist says it’s likely that a spending law and a budget for 2027 will be passed.
Economic expert Dr. Safwan Qusay prefers enacting a special spending law for the remainder of this year and proceeding with the legislation of a budget for next year. Qusay told Al-Maalouma, “The remaining time of this year doesn’t necessitate enacting a budget law. It’s better to proceed with a special law for the remainder of this year and prepare for the 2027 budget.”
He added, “By October 15th of this year, there should be a draft of the government program to be voted on by Parliament according to legal frameworks. There is a possibility of enacting a special law to finance the remaining expenditures during 2026, especially since there are expenditures governed by legal frameworks, such as salaries, food baskets, and ration cards.”
He pointed to the importance of the Ministry of Finance focusing on expenditures governed by laws, utilizing oil revenues and other sources, as well as domestic borrowing, and converting a portion of the letters of credit allocated for investment projects, which have been suspended, into final revenues for the Ministry of Finance to compensate for the shortfall in operational spending.
Almaalomah.me