The parliamentary finance committee confirmed today, Wednesday, its support for the cabinet's decision to subject transactions and contracts to prior auditing before disbursement, while emphasizing the necessity of reviewing the actual spending for 2026 before starting discussions on the 2027 budget project.
The committee's chairman, MP Adi Awad, stated in a statement to the Fideo News Agency that "the cabinet's decision for the Financial Supervision Bureau to conduct prior audits of transactions and contracts before disbursement, and requiring entities to inform the Prime Minister's Office of the analysis of bids that amount to one billion dinars or more, represents a step in the right direction."
He added that there are three matters that require clarification, which include the legal basis for prior auditing and its limits, the maximum duration for its completion; to ensure that the measures to control spending do not hinder disbursement operations, in addition to understanding the content of decisions 264 and 278 mentioned in the decision, noting that the committee has communicated with the head of the Financial Supervision Bureau in this regard.
Awad indicated that the cabinet reviewed, yesterday, the state accounts tables until August 2026, which include the actual revenues and expenditures for the first eight months of the year, emphasizing the necessity of providing the finance committee with these tables before the budget project arrives, scheduled for Saturday.
He explained that discussing the 2027 budget requires knowing the actual spending size for 2026, pointing out that the committee has officially requested this data from the Ministry of Finance.
Awad concluded by saying, "Prior oversight on spending and transparency in numbers are two sides of the same coin; we support the former and demand…".