Khaberni - Minister of Finance Abdel Hakim Al-Shibli stated on Thursday that the expected deficit in the draft law of the public budget for the fiscal year has reached 2.12 billion dinars, decreasing to a rate of 4.6% of the Gross Domestic Product.
He added that the domestic revenues in the budget increased to 10196 million dinars due to economic growth, while the current expenditures reached 11456 million dinars and capital expenditures 1600 million dinars.
The minister revealed that the Cabinet will send the draft public budget law for the year 2026 to the House of Representatives today, Thursday.
He explained that the expected increase in revenues corresponds with the economic growth anticipated in the budget for the year 2026.
The minister expects the real economic growth to continue rising from 2.7% in 2025 to 2.9% in 2026, and then to more than 3% in 2027 and 2028, due to the commencement of major capital projects such as the national water desalination project, the railway project, and gas exploration and transportation projects. He also expects inflation rates to remain low at around 2% in 2026, 2027, and 2028, which is the lowest in the region.
Based on revenue and expenditure assumptions, the total deficit in the 2026 budget is expected to decrease to approximately 2125 million dinars, or 4.6% of the Gross Domestic Product, compared to the estimated deficit in 2025, which reached 2258 million dinars or 5.2% of the Gross Domestic Product.
