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{
    "id": 1134082,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1134082/?format=api",
    "text_counter": 62,
    "type": "speech",
    "speaker_name": "Sen. Kibiru",
    "speaker_title": "",
    "speaker": {
        "id": 13196,
        "legal_name": "Charles Reubenson Kibiru",
        "slug": "charles-reubenson-kibiru"
    },
    "content": "The 2022 Budget Policy Statement (BPS) and the Medium Term Debt Management Strategy (MTDMS) were tabled on Wednesday, 1st December, 2021 pursuant to the Senate Standing Order No. 184. The 2022 BPS and MTDMS were committed to the Standing Committee on Finance and Budget for consideration. The Committee was required to deliberate and table a report containing the recommendations on the BPS within 12 days and we did that. Pursuant to Standing Order No. 180(5) of the Senate Standing Orders, the Committee invited the Cabinet Secretary, National Treasury and Planning, the Commission of Revenue Allocation (CRA) and the Council of Governors. Further, we invited the Senate Standing Committees, which oversight different departments, to consider respective sector proposals as provided for in the BPS and forward the observations and recommendations. Other interested parties such as the Institute of Certified Public Accountants of Kenya (ICPAK), the International Budget Partnership (IBP Kenya Chapter) and the Institute of Social Accountability (TISA) appeared before the Committee and submitted a memorandum. The Committee made significant observations on the BPS proposal for the financial year 2021/2022 and the MTDMS and identified broad policy issues with great impact on counties and proposals on revenue allocation. The Committee also considered all the views submitted by the stakeholders in making the recommendations contained in its Report. It is significant to mention that the purpose of the approval of this Report on the BPS is to communicate the Senate’s position on the preparation of all subsequent budget documents for the next financial year. These documents include the Division of Revenue Bill, 2022, and the County Allocation of Revenue Bill, 2022. It is also important to note that Section 25 of the Public Finance Management (PFM) Act, 2012, stipulates that the resolutions of Parliament on the BPS must inform the preparation of the annual estimates. Mr. Speaker, Sir, pursuant to Section 25(2) of the PFM Act, 2012, the National Treasury submitted to Parliament the 2022 BPS and Medium-Term Debt Management Strategy (MTDMS) on Tuesday, 30th November, 2021, on account of the revised budget calendar for FY 2022/2023. The revision is informed by the forthcoming general elections slotted for August 2022. The necessary legislative budget instruments must be put in place before Parliament proceeds to the final recess."
}