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{
    "id": 709568,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/709568/?format=api",
    "text_counter": 169,
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    "content": "by letter Ref. No.Con.MOF83/02TY.5/14 dated 22nd November, 2016 and received in the Office of the Clerk on 23rd November, 2016, the Principal Secretary for the National Treasury submitted the following documents for consideration and approval by Parliament:- (a) The Budget Policy Statement, 2017; (b) The Medium Term Debt Management Strategy, 2017; (c) The Draft Division of Revenue Bill, 2017; and, (d) The Draft County Allocation of Revenue Bill, 2017. Consequently, 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. Hon. Senators, 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 medium term. It contains, among other things:- (i) an assessment of the current state of the economy and the financial outlook over the medium term, including macro-economic forecasts; (ii) 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 only. A certified version of this Report can be obtained from the Hansard Editor, Senate"
}