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{
    "id": 621023,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/621023/?format=api",
    "text_counter": 9,
    "type": "other",
    "speaker_name": "",
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    "speaker": null,
    "content": "(3) The proposed expenditure limits for the national Government, including those of Parliament and the Judiciary and indicative transfers to county governments. (4) The fiscal responsibility principles and financial objectives over the medium term, including limits on total annual debt. In a nutshell, it means that any proposals that Senators have regarding the Division of Revenue Bill and the County Allocation of Revenue Bill, including funds for conditional allocations to the counties, should be canvassed and forwarded to the National Treasury for possible factoring in the Budget Policy Statement, failure to which it will be difficult to be accommodated later on. Hon. Senators, Section 25(7) of the Public Finance Management Act provides as follows:- “Parliament shall, not later than 14 days after the Budget Policy Statement is submitted to Parliament table and discuss a report containing its recommendations and pass a resolution to adopt it with or without amendments.” Based on the importance of the Budget Policy Statement and the above timelines, I direct that once tabled, the Budget Policy Statement be considered by all standing committees, each concentrating on its mandate. The standing committees will then forward their recommendations to the Standing Committee on Finance, Commerce and Budget for consideration and tabling of the report not later than Thursday, 25th February, 2016. The Senate will be required to debate and approve the report by Tuesday, 1st March, 2016. Please note that pursuant to Section 25(8) of the Public Finance Management Act, the Cabinet Secretary of the National Treasury is expected to take into account resolutions passed by Parliament in finalizing the Budget for the relevant financial year. I, therefore, wish to urge all the hon. Senators to prioritize the scrutiny of the Budget Policy Statement, taking into consideration our most important function of safeguarding devolution. I thank you."
}