Tuesday 19 / May / 2026
Muscat: The Ministry of Finance is organising a two-day gathering in preparation for the state’s general budget of fiscal year 2027.
The meeting is held with the participation of directors general of administrative and financial affairs and specialists from government units concerned.
The meeting aims to clarify items in Financial Publication No. (1/2026) on rules for drafting estimates of the 2027 State Budget. It elaborates on general approaches on managing cash flow for development projects in the 11th Five-Year Development Plan (2026-2030).
The meeting will review the mechanism set for government departments to align their current financial allocations with their annual plans.
The meeting also seeks to outline indicators for monitoring and controlling financial performance, the initiative to raise the efficiency of public spending and the progress made in implementing projects and schemes aimed to improve financial performance in government departments—including the Unified Government Financial System codenamed Maliya, the Unified Treasury Account and the National Register of Government Assets, and other projects and systems.
Speaking on this context, Abdullah bin Salim Al Harthy, Undersecretary of the Ministry of Finance, said, “This meeting stems from a vision to upgrade joint action for enhancing the efficiency of public financial management and developing mechanisms for preparing estimates of the state’s general budget in line with national priorities and the objectives of Oman Vision 2040.”
Al Harthy laid emphasis on the central role of government units in drafting accurate and realistic budget estimates based on actual needs and national priorities. This role, he observed, includes proposals on channelling resources towards projects that have feasibility and direct impact on improving services and boosting the efficiency of government performance.
Mohammed bin Ahmed Al Barashdi, Director General of Budget at the Ministry of Finance, said that the meeting is an initial step in a series of measures undertaken by the Ministry of Finance and the Ministry of Economy (along with other government departments) within the process of planning and preparation of the state's general budget.
Al Barashdi added that this meeting would be followed by a series of bilateral meetings between the Ministry of Finance and other government departments. During the bilateral meetings, the Ministry would discuss with the other government departments their estimates in view of public revenues and expenditures.
