Khaberni - Former member of the Parliamentary Financial Committee, Ibrahim Tarawneh, predicted on Sunday the approval of the budget for the upcoming fiscal year before the end of the year, indicating that discussing the fiscal year 2026 budget before the end of the year is a positive indicator.
Tarawneh clarified that previous budgets used to arrive at the end of the year and then discussions were carried out by the Financial Committee, which took a long time to discuss institutions and ministries.
He stated that there is an increase in current and capital expenditures, comparing the budgets of the current and upcoming year, adding that "most of the revenue sources for the Jordanian budget come from taxes."
He pointed out that not all the expected revenues were achieved in the 2025 budget.
Tarawneh mentioned that the government is obligated to use the capital expenditure allocations without change.
He explained that increased capital spending enhances the economy's ability to achieve expected growth rates, noting that part of the capital expenditures is spent on operational and wage items.
He confirmed that the Parliamentary Financial Committee is responsible for monitoring government spending on capital projects, indicating that spending capital project allocations helps achieve social justice among provinces.
He clarified that financing developmental projects in provinces from capital expenditures contributes to reducing unemployment.
He also confirmed that the deputies are keen not to reduce the current expenditures allocated for the salary item.
On his part, writer and economic expert, Fayeq Hijazin, saw that the early preparation of government institutions' plans for the next year is a positive matter.
Hijazin said that the early approval of the budget allows the opportunity for the government to issue tenders and settle obligations, adding that the government's commitment to spending 1.7 billion dinars on capital projects is positive.
