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{
    "id": 627967,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/627967/?format=api",
    "text_counter": 238,
    "type": "speech",
    "speaker_name": "Sen. Billow",
    "speaker_title": "",
    "speaker": {
        "id": 260,
        "legal_name": "Billow Adan Kerrow",
        "slug": "billow-kerrow"
    },
    "content": "Mr. Speaker, Sir, I beg to move:- THAT, this House adopts the Report of the Standing Committee on Finance, Commerce and Budget on the Medium Term Budget Policy Statement, 2016 laid on the Table of the Senate on Thursday, 25th February, 2016. Mr. Speaker, Sir, on behalf of the Members of the Committee on Finance, Commerce and Budget and as required under the Second Schedule of the Senate Standing Orders, I present to this House this Motion whose deadline is today. It is significant for me to mention that the Medium Term Budget Policy Statement, 2016 is the critical document in the budget circle that is prepared by the National Treasury because it is the basis upon which all subsequent budget documents are prepared. It also sets the stage at which Parliament and by extension the public gets the feel of the main areas of expenditure as well as the revenue policies and debt levels that form the next financial year. In brief, the document sets out the broad objectives, policy goals and the strategic objectives that guide the national and county governments in preparing their budgets for the financial year and the medium term. Mr. Speaker, Sir, pursuant to Section 25 of the Public Finance and Management Act and its Regulations, the Committee assessed the compliance to this provision. The key context of the Budget Policy Statement (BPS) includes an assessment of the current state of the economy and the financial outlook over the medium term. It also includes the The electronic version of the Senate Hansard Report is for information purposes"
}