Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1215493,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1215493/?format=api",
    "text_counter": 302,
    "type": "speech",
    "speaker_name": "Sen. Ali Roba",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, I beg to move the following Motion: THAT, the Senate adopts the Report of the Standing Committee on Finance and Budget on the Budget Policy Statement laid on the Table of this Senate on the 28th February, 2023, pursuant to Section 25(7) of Public Finance Management Act and Standing Order No.186(7) of the Senate, approves the Budget Policy Statement. Mr. Speaker, Sir, the National Treasury submitted to Parliament the 2023 Budget Policy Statement (BPS) on 14th February, 2023 pursuant to Section 25 of the Public Finance Management Act. Subsequently, the 2023 Budget Policy Statement was tabled in the Senate at its sitting held on 15th February, 2023. Pursuant to Standing Order No.186(4) of the Senate Standing Orders, the 2023 Budget Policy Statement was committed to the Senate Standing Committee on Finance and Budget. The Committee was to submit its recommendations to the House within seven days. Mr. Speaker, Sir, the Budget Policy Statement is a Government policy document that must be considered and approved by Parliament within 14 days after tabling, as provided in the law. The document sets out the broad strategic priorities and goals that guides the national and county governments in the preparation of budgets. It provides information on- a) The assessment of the current state of the economy and the financial outlook over the medium term, including the macro-economic forecasts; b) The financial outlook with respect to Government revenues, expenditures and borrowing for the next financial year and over the medium term; c) The proposed expenditure limits for the national Government, including those of Parliament, the Judiciary and other departments. d) The fiscal responsibility principles and the financial objectives over the medium term including limits on total annual debt; and"
}