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{
    "id": 1490959,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1490959/?format=api",
    "text_counter": 76,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "“(1) The National Treasury shall prepare and submit to Cabinet for approval by the 30th of September in each financial year a budget review and outlook paper, which shall include the following- (a) Actual fiscal performance in the previous financial year compared to the budget appropriation for that year. (b) Updated macroeconomic and financial focus with sufficient information to show changes from the focus in the most recent Budget Policy Statement. (c) Information on how actual financial performance for the previous financial year may have affected compliance with the fiscal responsibility, principles or the financial objectives in the latest Budget Policy Statement. (d) Reasons for any deviation from the financial objectives together with the proposals to address the deviation and the time estimated to do so. (2) Cabinet shall consider the budget review and outlook paper with a view to approving it with or without amendments not later than 14 days after its submission. (3) Not later than seven days after the Budget Review and Outlook Paper has been approved by Cabinet, the National Treasury shall- (a) Submit the paper to the Budget Committee on the National Assembly to be laid before each House of Parliament. (b) Publish and publicize the paper not later than 15 days after laying the paper before Parliament.”"
}