Informed government sources reported that executive authorities are moving toward drafting the general budget for 2027, bypassing an independent budget for 2026 due to time constraints and mounting technical and financial complexities. This strategic shift occurs amid exceptional economic challenges caused by regional tensions that have impacted energy markets, particularly following the halt of oil exports due to the closure of the Strait of Hormuz. These developments have severely strained public revenues, prompting the government to prepare highly flexible and realistic financial estimates. The new plan aims to ensure the sustainability of public spending and secure essential state obligations, including civil servant salaries, services, and vital infrastructure projects.
Dijlah Point News Editorial Team
Editor at Dijlah Point News, writing about Eco.