Government Plans to Tackle 2027 Budget Shortfalls
The government is preparing the 2027 budget amidst unprecedented financial challenges, including declining oil revenues, expanding deficits, and rising operational expenses. The Ministry of Finance emphasizes that the budget will rely more heavily on the "programs and performance" approach, while the government is also considering resorting to a temporary law for borrowing and grants in case it fails to be approved within constitutional deadlines.
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