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Law mandates program-based budgets
Law No. 6 of 2022 focused on regulating the preparation of government budgets. It requires each administrative entity to prepare its budget proposal in accordance with the objectives of the general development plan, social and economic strategies of the state. The proposals must be submitted to the relevant ministry at least six months before the start of the fiscal year. The budgets of public economic entities are prepared and implemented based on program and performance budgets, utilizing a unified accounting system, and classified according to programs, functional divisions, and standardized structures. The fiscal year runs from July 1 to June 30 of the following year. The law aims to ensure transparency and efficiency in managing government financial resources to achieve national development goals.
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