Khaberni - The Senate approved on Thursday the draft law for the public budget for the fiscal year 2026, as it was received from the House of Representatives, paving the way for the issuance of the royal approval of the draft law.
Prime Minister Jafar Hassan stated that discussing the draft law of the public budget for the fiscal year 2026 early, and before the end of the current year, will enable the government to start implementing the capital projects listed in the budget as soon as possible.
Hassan added, during the Senate session held on Thursday to discuss the draft law of the public budget for 2026, that this step reflects a governmental approach aimed at enhancing implementation efficiency and accelerating the economic impact of the projects, especially those of priority.
He explained that "early budget discussions reflect the true cooperation between the legislative and executive authorities, guided by His Majesty the King, within the framework of the constitution, and as required by the national interest, which necessitates us all to take the necessary measures to drive economic development and growth; serving our country and citizens."
Hassan affirmed the government's commitment through the 2026 budget, to the financial and economic path it began, based on fiscal discipline, stimulating growth, and protecting more vulnerable groups with limited income.
Hassan emphasized that the government is continuing to stimulate economic growth and encourage investment, which contributes to enhancing financial stability, supporting economic activity, and achieving sustainable development.
He pointed out that the government is committed to diligently working to gradually increase economic growth rates, reaching up to 4% by the end of 2028, through accelerating the implementation of major projects, stimulating investment, enhancing partnerships with the private sector, and supporting productive sectors with added value, and we are fully aware of the meaning of this commitment and its importance.
Meanwhile, the Minister of Finance, Abdel Hakeem Al-Shibli, said that the preparation of the draft law for the public budget for 2026 came in the context of political and economic developments the world has seen, where the forefront of economic events included global trade tensions and protectionist measures, and the continuation of geopolitical tensions posed a strong threat to the global economic outlook.
Al-Shibli added, during the Senate session held on Thursday to discuss the draft law of the public budget for 2026, that these developments had negative effects on the economic conditions of countries in the region and Jordan, and the government successfully managed to implement a package of economic decisions and effective measures to stimulate economic sectors and enhance financial stability. These decisions, supported by the security and political stability enjoyed by Jordan, led to an improvement in the national economic indicators.
Al-Shibli noted that the real gross domestic product achieved growth of about 2.7% and 2.8% in the first and second quarters of 2025 respectively, the highest since two years. The balanced monetary policy succeeded in enhancing the stability of the dinar exchange rate and creating a moderate price environment that prevented a decline in purchasing power while keeping inflation rates at the lowest levels in the region. The foreign currency reserves of the central bank also reached record levels, amounting to about 24.6 billion dollars.
