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{
    "id": 621020,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/621020/?format=api",
    "text_counter": 6,
    "type": "speech",
    "speaker_name": "Hon. Ethuro",
    "speaker_title": "The Speaker",
    "speaker": {
        "id": 158,
        "legal_name": "Ekwee David Ethuro",
        "slug": "ekwee-ethuro"
    },
    "content": " Hon. Senators, I have a Communication to make on the processing of the Budget Policy Statement 2016. As you are aware, Section 25 of the Public Finance Management Act requires the National Treasury to prepare and submit the Budget Policy Statement to Parliament by 15th of February each year. Consequently, by a letter Ref.COF83/02 dated 12th February, 2016, and received in the office of the Clerk on 15th February, 2016, the Principal Secretary for the National Treasury submitted the following documents for consideration and approval by Parliament:- (a) The Budget Policy Statement 2016 (b) The Medium Term Debt Management Strategy 2016 (c) The Draft Division of Revenue Bill 2016 (d) The Draft County Allocation of Revenue Bill 2016 Hon. Senators, at Order No.5 in today’s Order Paper, I will allow the Chairperson of the Standing Committee on Finance, Commerce and Budget to formally table these documents. The Budget Policy Statement is an important tool as it sets out the broad strategic priorities and policy goals that will guide the national Government and county governments in preparing their budgets both for the following financial year and over the mid-term. It contains among other things:- (1) An assessment of the current state of the economy and the financial outlook over the medium term, including the micro economic focus. (2) The financial outlook with respect to Government revenues, expenditures and borrowing for the next financial year and over the medium term. The electronic version of the Senate Hansard Report is for information purposes"
}