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{
    "id": 777070,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/777070/?format=api",
    "text_counter": 31,
    "type": "speech",
    "speaker_name": "Sen. (Eng.) Mahamud",
    "speaker_title": "",
    "speaker": {
        "id": 373,
        "legal_name": "Mohammed Maalim Mahamud",
        "slug": "mohammed-mahamud"
    },
    "content": "Mr. Speaker, Sir, I beg to move the following Motion:- THAT, pursuant to Section 25 (7) of the Public Finance Management Act and Standing Order 174 (7) of the Senate, this House adopts the Report of the Standing Committee on Finance and Budget on the 2018 Budget Policy Statement (BPS), laid on the Table of the Senate on Tuesday, 27th February, 2018. Mr. Speaker, Sir, pursuant to the Public Finance Management (PFM) Act, 2012, Section 25(2), the National Treasury submitted the 2018 Budget Policy Statement. The Budget Policy Statement was laid on the Table of the Senate on 14th February, 2018. Pursuant to the PFM Act Section 25(7) and the Standing Order 174 of the Senate Standing Orders, the BPS was committed to the Standing Committee on Finance and Budget for consideration and it was brought to the Senate within 12 days. The Budget Policy Statement is an important document that sets out the broad strategic priorities and policy goals that govern the national and county Governments in the preparation of their respective budgets, both for the coming financial year and the medium term. It contains, among others, the following:- (1) An assessment of the current state of the economy and a financial outlook of the medium term including macroeconomic focus. (2) The financial outlook with respect to Government revenues, expenditures and borrowing over the next financial year and over the medium term. (3) The proposed expenditure limits for the national Government and indicative transfers to county governments. (4) The fiscal responsibility principles and financial objectives over the medium term including limits of total annual budget. Mr. Speaker, Sir, pursuant to Standing Order No.174(5), the Committee invited the Cabinet Secretary, National Treasury, Commission on Revenue Allocation (CRA), the Council of Governors (CoG) and the County Assembly Forum (CAF), among other stakeholders. Further, the Committee invited the Senate Standing Committees which oversight different state departments to consider the respective sector provisions in the BPS and forward the observations and recommendations. The Committee also received submissions from the Parliamentary Service Commission, Vote 2041. The Committee in making recommendations and the report, considered the views of all the stakeholders and made significant observations on the BPS policy proposals for 2018/2019 and the medium term, identifying broad policy issues with great impact on counties and proposals on revenue allocation. From the perspective of the Senate Committee and the role of the Senate in protecting the interest of counties, the broad issues in the 2018 Budget Policy Statement (BPS) can be categorized as follows:- 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."
}