All parliamentary appearances
Entries 791 to 800 of 1501.
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13 Mar 2014 in National Assembly:
On behalf of the Members of the Budget and Appropriations Committee and as required under our Standing Order 232 (5), I hereby present to this House the Committee’s Report on the 2014/2015 Budget Policy Statement which was tabled in this House on 18th February, 2014. I need to say from the outset that the approved report on the BPS, as it is called, will indeed inform the preparation of the annual estimates and by extension, should form the basis for evaluating the 2014/2015 Estimates for the various spending agencies.
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13 Mar 2014 in National Assembly:
Pursuant to Standing Order No.232(2), (5) and (6), my Committee examined and discussed the Budget Policy Statement and made recommendations taking into account the provisions of Article 218 of our Constitution. In reviewing the 2014/2015 Budget Policy Statement, the Committee held five sittings during which the Cabinet Secretary, National Treasury was invited to give his views and clarify on certain matters concerning the BPS. The Committee also received submissions from different Departmental Committees and held extensive discussions with the Chairpersons.
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13 Mar 2014 in National Assembly:
I take this opportunity on behalf of the Committee and myself to express our appreciation to the Executive arm of the Government who appeared before the The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor.
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13 Mar 2014 in National Assembly:
Committee and note the contribution made by many stakeholders. My Committee is also grateful to you, Sir, and your office, and to the Office of the Clerk of the National Assembly as well as the Parliamentary Budget Office, for the support that we have received in discharging our mandate of examining the BPS and also to thank all the Members of Parliament who participated in this process.
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13 Mar 2014 in National Assembly:
By way of introduction, let me say again that the Budget Policy Statement (BPS) is an important document in the budget cycle. It is prepared by the National Treasury and it sets out the broad objectives, policy goals and strategic priorities that guide the national Government and the county governments in preparing their budgets, both for the following financial year and over the medium term. In the builder’s language, the BPS is the foundation stone of the national and county budgets. It is with this in mind that we need to say what is included in the BPS.
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13 Mar 2014 in National Assembly:
(a) The BPS normally has an assessment of the current state of the economy and the financial outlook over the medium term including macro-economic outlook.
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13 Mar 2014 in National Assembly:
(b) Financial outlook with respect to the Government revenues, expenditures and borrowing for the next financial year and over the medium term.
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13 Mar 2014 in National Assembly:
(c) The proposed expenditure ceilings for the three arms of Government and indicative transfers to county governments.
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13 Mar 2014 in National Assembly:
(d) The fiscal responsibility principles and financial objectives over the medium term including limits on total annual debt.
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13 Mar 2014 in National Assembly:
(e) Finally, it has the total resources to be allocated to individual programmes and projects within sectors, Ministries, departments and agencies indicating outputs expected during the period. After careful consideration, the Committee notes that:-
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