Finance Committee to hear from Finance Minister over budget delays
The delay in the provision of data for the implementation of the state budget and the preparation of the 2027 Finance Bill has raised concerns within the Finance Committee of the People's Assembly. The committee decided to hold a hearing with the Minister of Finance to discuss the reasons for the delay in supplying the necessary data, especially regarding the execution of the first half of 2026’s budget and the assumptions adopted for drafting the upcoming year's Finance Law. Additionally, the committee discussed the possibility of issuing an amending financial law due to changes in oil prices and their impact on financial assumptions. They also addressed issues related to the lack of pending regulatory texts and delays in their issuance, which hinder the implementation of the provisions of the national financial law. The committee emphasized the importance of timely data provision to enhance oversight of financial performance. They recommended preparing realistic and updated assumptions for the 2027 draft law, controlling and reducing expenditures to ensure macroeconomic stability.
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