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{
    "id": 751638,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/751638/?format=api",
    "text_counter": 530,
    "type": "speech",
    "speaker_name": "Hon. Gikaria",
    "speaker_title": "",
    "speaker": {
        "id": 2489,
        "legal_name": "David Gikaria",
        "slug": "david-gikaria"
    },
    "content": "(3) The Budget Policy Statement shall detail the criteria used to allocate or apportion the available public resources among the various programmes and projects. (4) The Debt Management Strategy shall include— (a) the total stock of debt as at the date of the statement; (b) the sources of loans made to the national government and the nature of guarantees given by the national government; (c) the principal risks associated with those loans and guarantees; (d) the assumptions underlying the debt management strategy; and (e) an analysis of the sustainability of the amount of debt, both actual and potential. (5) Upon being laid before the House, the Budget Policy Statement shall stand committed to each Departmental Committee to consider and make recommendations to the Budget and Appropriations Committee within seven days of committal. (6) The Debt Management Strategy shall be committed to the Budget and Appropriation Committee. (7) Within fourteen (14) days following the tabling of the Budget Policy Statement, the Budget and Appropriations Committee shall table a report in the House for consideration in accordance with the provisions of Section 25(7) of the Public Finance Management Act. (8) In addition to the recommendation of the Committee, the report under paragraph (7) shall contain— (a) a schedule showing the vertical allocation of resources amongst the two levels of government; (b) the ceilings of resources recommended for the National Government, the Judiciary and Parliament; (c) a recommendation on the overall debt strategy for the next financial year and the medium term. (9) The approval by the House of the motion on the report of the Budget and"
}