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{
    "id": 1129544,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1129544/?format=api",
    "text_counter": 147,
    "type": "speech",
    "speaker_name": "Sen. Kinyua",
    "speaker_title": "The Temporary Speaker",
    "speaker": {
        "id": 13202,
        "legal_name": "John Kinyua Nderitu",
        "slug": "john-kinyua-nderitu-2"
    },
    "content": " Order, Members. As outlined in the Public Finance Management Act, 2021 and its attendant regulations the budget processing involves preparation of key policy documents for approval by Cabinet and Parliament. Given that 2022 will be a general election year, preparation of the 2022/23 – 2024/25 Medium-Term Budget will require to be fast-tracked to ensure that the budget estimates are approved by Parliament before it proceeds on recess in preparation for the general elections slated for August, 2022. Resultantly, vide a circular No.8/2021 the National Treasury, set timelines to facilitate finalization and approval of budget policy documents and Bills well ahead of the general elections. You may note that the budget process is likely to be concluded by 15th April, 2022. By a letter Ref. No. Conf.MOF83/02/TY.5/ (52) dated 30th November, 2021, and received in the office of the Clerk of the Senate on the same day, the Cabinet Secretary for the National Treasury and Planning submitted the following documents for consideration and approval by Parliament- (a) The Budget Policy Statement (BPS), 2022; (b) The Medium Term Debt Management Strategy, 2022; (c) The Draft Division of Revenue Bill, 2022; and, (d) The Draft County Allocation of Revenue Bill, 2022. Hon. Senators, as you may have noted, the Senate Majority Leader has tabled the BPS for the Financial Year 2022/2023. The BPS sets out the broad strategic priorities and policy goals that will guide the national Government and county governments in The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}