The Committee on Public Finance (COPF) discussed the matter of estimated Government expenditure for 2027, allocations for capital expenditure, public revenue targets and debt servicing, during a recent meeting which culminated in the Committee’s approval of the Appropriation Bill for 2027, a statement made by the Parliament said.

Accordingly, during the meeting, the Committee also considered the macroeconomic forecasts used in preparation of the budget estimates and the legal framework governing public financial management.

The Committee also examined the allocations for infrastructure projects included in the estimated capital expenditure for 2027. These projects include road development, improvements to healthcare and education facilities, expansion of the electricity system and urban development.

Matters relating to financial assistance for small and medium-sized enterprises, credit guarantee schemes and support for the business sector were also discussed. The Committee further focused on allocations for public sector salaries and pensions, as well as expenditure required to meet public service needs.

The Committee also discussed measures to achieve public revenue targets, improve the efficiency of tax administration and ensure the proper utilisation of budgetary allocations.