Budget 2026-27 strategy paper approval have been in may. The Federal Government will approve the Budget Strategy Paper by May 10, Finance Ministry. According to the Ministry of Finance, the budget strategy paper will set out government revenue targets. Expenditure ceilings and relevant priorities. All federal spending will be aligned with the strategy paper. The new rules also make it compulsory to include a three-year medium-term budget estimate and a performance-based budgeting plan.
The government is expected to approve the Budget 2026–27 Strategy Paper in May. Marking an important step in preparations for the next fiscal year. The strategy paper will outline the broad economic priorities, fiscal framework, and policy direction. That will guide the formulation of the upcoming budget. The Finance Ministry has also directed that any additional or excess expenditure must be presented before parliament through a supplementary or excess budget.
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Details of contingent liabilities and fiscal risks will now be formally incorporated into the budget. While tax expenditure statements will become a mandatory part of the annual Finance Bill. Under the new framework, it will be mandatory to present a supplementary or surplus budget in parliament in case of additional or excess expenditure. All ministries have been directed to return their expected savings to the Finance Division by May 31. The Ministry of Finance has already issued updated amendments to the Public Finance Management Act 2024.
The annual budget is one of the government’s most important policy documents, as it sets out spending plans. Taxation measures, and development initiatives for the year ahead. With economic challenges and public expectations remaining high, the Budget 2026–27 Strategy Paper is expected to play a crucial role in shaping a balanced and forward-looking budget.