The Cabinet of Ministers has approved approval to provide the 2026 Appropriation Bill to Parliament in October.According to the Cabinet paper presented by the President, in his capability as the Minister of Finance, Planning, and Economic Development, the second reading (spending plan speech) of the Bill is scheduled to be made in November, while the 3rd reading and budget plan dispute will be held during November and December.The Cabinet likewise approved approval to prepare the national budget for the year 2026 in positioning with the policy framework entitled Rich Country Beautiful Country, the general public Financial Framework, the Public Financial Strategy Statement, and the National Policy Framework 20262030.
The approaching budget plan will be established under the style Production Economy and Inclusive Contribution to Economic Development, the government has announced.When preparing spending plan quotes for the year 2026, it is anticipated to offer prime value to the top priorities included in the nationwide policy structure and the initiation of rural advancement, the federal government noted.Meanwhile, in terms of the arrangements of the general public Finance Management Act No.
44 of 2024 and the Government Policy Statement, it is required to obtain propositions from all ministries to offer the necessary arrangements to execute the tasks and programs recognized by each ministry under the subject codes of the respective ministry.