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Parliament affirms salary payments despite 65T deficit
The parliament affirms that salaries are secured in the 2027 budget despite a projected deficit of approximately 65 trillion dinars. A comprehensive plan is being discussed to address the deficit, including an assessment of the exchange rate and proposed financial measures. Reports indicate that salary expenditures are guaranteed, as oil exports are expected to increase to 3-4 million barrels per day, along with a reserve held at the Central Bank that supports financial stability. The 2027 budget is expected to be presented to the Parliament on October 15th, where it will be debated and voted on, with a focus on effectively managing the deficit to achieve fiscal sustainability.
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