The parliamentary financial committee discussed today, Monday, with the Director General of the Budget Department at the Ministry of Finance, Milad Ziyad Abdul Mowla, and the senior staff in the ministry, the tables of the draft federal general budget law for the fiscal year 2027.
The committee stated in a statement received by "Video News Agency" that it "discussed the structure of preparing the budget tables and their economic, administrative, and functional classifications, at the level of current and investment budgets, as well as the most significant differences compared to previous years' budgets.
It added that the discussions included inquiries about the sizes of costs, revenues, and sovereign expenditures, the mechanisms for applying the program and performance budget, and the time required for its implementation, in addition to establishing indicators and criteria to measure performance and ensure the optimal use of financial allocations.
The committee also noted that it discussed the foundations for determining financial allocations for expenditure units, estimates of oil and non-oil revenues and the mechanisms for calculating them, as well as the planned deficit and its funding sources, and the new loans allocated for financing investment projects.
For her part, the Director General of the Budget Department reviewed the mechanism for applying the program and performance budgeting model, indicating that the ministry has prepared specialized workshops to trial this approach in several institutions, and to establish performance indicators and prepare reports to evaluate the level of implementation and measure the achieved results, which contributes to reducing waste and enhancing the efficiency of public spending.