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MPs Approve Budget Highlights
The House of Representatives discussed the state’s general budget for the 2026/2027 fiscal year over two sessions, and approved the draft financial law and the economic and social development plan. They also approved 65 projects to allocate budgets for public economic authorities, in addition to 6 draft laws aimed at developing the tax system. These include amendments to laws on stamp duty and value-added tax, the reactivation of the law on resolving tax disputes, and allocating a percentage of profits from state-owned companies to the general treasury. This took place as part of efforts to promote economic growth and improve the investment climate, along with increasing allocations for health and education by 39.5% and 25%, respectively.
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