2027 Operational Budget Planning Now Open in AKRA

At the time of opening, all open budget entities from ORRI, payroll data from September 2026, financial data up to and including August 2026, and budget appropriations contained in the 2027 Budget Bill have been loaded into the system. Final appropriations will be loaded into ORRI and AKRA once the 2027 Budget Act has been approved. 

In accordance with the Public Finance Act, government entities are required to submit an operational budget for the forthcoming fiscal year within one month of the presentation of the Budget Bill and its appendices to Parliament. Once final appropriations are available, budgets must be reviewed and submitted to the relevant line ministry for approval. 

Further information about AKRA, the budgeting process, and guidance materials is available on the Financial Management Authority's website: 

https://island.is/en/o/the-financial-management-authority/akra