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{
    "id": 709570,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/709570/?format=api",
    "text_counter": 171,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "(iii) the proposed expenditure limits for the national Government, including those of Parliament and the Judiciary and indicative transfers to county governments; and, (iv) the fiscal responsibility principles and financial objectives over the medium term, including limits on total annual debt. In a nutshell, it means that any proposal 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 for changes to be accommodated later on. Hon. Senators, Section 25 (7) of the Public Finance Management Act provides as follows- “Parliament shall, not later than fourteen 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 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 consolidation and tabling of the Report, not later than Wednesday, 30th November, 2016. The Senate should then debate and approve the same report by Thursday, 1st December, 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 finalising the budget for the relevant Financial Year. Hon. Senators, I, therefore, urge you all to prioritise the scrutiny of the Budget Policy Statement, taking into consideration our most important function of safeguarding devolution. I thank you."
}