MUSCAT: The ministry issued Circular No. 3/2026 outlining requirements for the preparation of the 2026 final accounts, including financial and administrative information on budget implementation, revenues, expenditures, government assets and financial balances.

Under the circular, government units are required to prepare a final-account report highlighting the results and objectives achieved in implementing their approved budgets during 2026.

The reports must include a comparison between approved and actual revenues and expenditures, as well as details of cash and bank balances held by government units, permanent and temporary advances, and financial receivables owed to the government by third parties.

Government units are also required to prepare statements covering their non-financial assets, including real estate and land, government warehouses and movable assets, as well as libraries belonging to the respective units.

The circular further requires government entities to attach copies of reports prepared by their internal audit units for the final quarter of the 2026 fiscal year.

The Ministry of Finance said the circular was issued in implementation of Articles 34 and 35 of the Financial Law issued under Royal Decree No. 37/2025, along with Article Two of the decree, which provides for the continued application of existing regulations and decisions insofar as they do not conflict with the new law.