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{
    "id": 417526,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/417526/?format=api",
    "text_counter": 108,
    "type": "speech",
    "speaker_name": "Hon. Musyimi",
    "speaker_title": "",
    "speaker": {
        "id": 95,
        "legal_name": "Mutava Musyimi",
        "slug": "mutava-musyimi"
    },
    "content": "Hon. Speaker, I would like to make a Statement concerning the Budget Policy Statement for the next Financial Year, 2014/2015. The Budget Policy Statement otherwise known as the BPS is, all hon. Members know, prepared by the National Treasury in line with Section 25 of the Public Financial Management Act, 2012. The BPS sets out the broad strategic macroeconomic issues and fiscal framework, priorities and policy course that will guide the national Government and county governments in preparing their budgets both for the following financial year and over the medium term. The BPS also guides public debate on economic and developmental matters. Section 25(1) requires of the PFM Act that the National Treasury submits the BPS to Cabinet for approval. Upon approval, Section 25(2) of the same Act requires that the National Treasury submits the BPS to Parliament by 15th February. In this regard the BPS 2014/2015 was submitted on 14th February, 2014. May I highlight the steps in processing the BPS."
}