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{
    "id": 625781,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/625781/?format=api",
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    "content": "Hon. Speaker, on behalf of the Liaison Committee and pursuant to Section 25(7) of the Public Finance Management Act, it is now my pleasure to present to this House the Committee’s Report on the Budget Policy Statement (BPS) 2016 and the Medium Term Debt Management Strategy (MTDMS), 2016. I begin by giving thanks to the offices of the Speaker and Clerk of the National Assembly for the support they have extended to the Committee in the execution of its mandate. The Committee also takes this opportunity to thank the Commission on Revenue Allocation (CRA) and the Cabinet Secretary (CS) in charge of the National Treasury for their contribution during the Committee’s deliberations clarified on some of the pertinent issues in the BPS 2016. I also take this opportunity to thank members of the Committee for their patience, unwavering sacrifice and commitment to public service, which enabled the Committee to complete this very important task within the stipulated time. Further, the Committee acknowledges the technical input of the staff of the Parliamentary Budget Office (PBO) which was extremely invaluable in the consideration of the BPS 2016. Hon. Speaker, it is now my duty and privilege, on behalf of the Liaison Committee, to present to the National Assembly the Report of the Committee on the BPS, 2016 and the Medium Term Debt Management Strategy, 2016. This Committee extensively considered the BPS and the MTDMS. The Committee also sought the views of the National Treasury and Commission on Revenue Allocation among other stakeholders. More importantly, the Committee also received recommendations from various Departmental Committees. In line with Section 25(8) of the Public Finance Management Act and PFM Regulation 27(4), once the House approves the Report on 2016 BPS, the ceilings approved shall serve as a basis of expenditure ceilings for the coming financial year and the medium term. More importantly, PFM Regulation 27(5) spells out that once the House adopts the Report, the ceilings The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}