Khaberni - The instructions for preparing the General Budget Law project and the system for forming ministries and government units for the fiscal year 2026 include several important points that were communicated by the Prime Minister's Office with new and high-quality instructions. It mentioned many directives aimed at controlling expenditures, expanding revenue channels, and adjusting financial estimates for strategic projects along with setting plans with definite goals and precise financial costs that align with the requirements of the general budget.
Additionally, it included determining priorities for each governmental ministry for the next three years in a measurable and implementable manner, taking into account the requirements to achieve the vision of economic modernization. This approach has not been previously adopted with such precision and efficiency. From my experience, this general budget will be different and distinct from other budgets and will positively reflect on the overall economic situation. The instructions included strict circulars and systems, including setting the value and costs of projects funded by external grants and scheduling their execution and readiness and linking them to a specific timetable and a system for rationalizing the expenditures of government ministries and defining their actual primary needs. It also included preventing any ministry or government department from exceeding its specified spending ceiling under any circumstances and organizing their spending priorities, including allocating significant financial provisions under capital expenditure, an aspect that was absent from other general budgets. Therefore, let us delve into the numbers and the allocations in the general budget for the fiscal year 2026, particularly the provisions for capital expenditure where 1600 million dinars have been allocated to finance developmental projects of national importance, including 396 million dinars supporting economic modernization vision projects, 60 million dinars for the national water carrier, 35 million dinars for explorations at Risha Gas, and 210 million dinars supporting the development and enhancement of municipalities to cover their debt and financial deficit. With these preventive and remedial economic measures and their continuation, the rates of inflation, unemployment, and public debt will decrease, achieving the required economic vision as discussed by His Majesty the King, may God preserve him.
