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"id": 191023,
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"type": "speech",
"speaker_name": "Mr. Mbau",
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"speaker": {
"id": 182,
"legal_name": "Elias Peter Mbau",
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"content": "Madam Temporary Deputy Speaker, I beg to move the following Motion:- THAT, aware that the Budget making process is solely undertaken by the Executive Arm of Government; further aware that the Legislature is conferred oversight functions by the Constitution and other written laws, this House grants leave to introduce a Bill for an Act of Parliament entitled the Fiscal Management Bill to provide for the democratization, regulation and oversight of the national Budget making process and for connected purposes. Madam Temporary Deputy Speaker, I consider the issue of Budget as a very important activity for a country, and, indeed, for any organization. I wish to begin by informing hon. Members what the Budget making process entails. The Budget making process has four major components. The first component involves policy formulation for the Budget with a view to achieving certain objectives and agenda for a country or organization. The next one is legislation and adoption. Legislation for this country is where the Budget is brought to the National Assembly---"
}