Circular No.8-2018 Guidelines for Preparation of FY 2019.20-2021.22 Budget.

Post Date: September 3, 2018

Section 36 (2) of the Public Finance Management Act 2012 requires that not later than the 30th August in each year, the Cabinet Secretary shall issue to all national government entities a circular setting out guidelines on the budget process to be followed by them.

The circular in section 36 (3) includes (a) a schedule for preparation of the budget indicating key dates by which various exercises are to be completed; (b) the procedures for the review and projection of revenues and expenditures; (c) key policy areas and issues that are to be taken into consideration when preparing the budget; (d) procedures setting out the manner in which members of the public shall participate in the budget process; (e) the format in which budget information and documents shall be submitted; and (f) any other information that, in the opinion of the Cabinet Secretary, may assist the budget process.

Finally, the circular requires in section 36 (4) of the PFM Act 2012 that every national government entity shall comply with the guidelines, and in particular, such dates as are specified in the schedule referred to in subsection (3)(a).

Circular No.8-2018 Guidelines for Preparation of FY 2019.20-2021.22 Budget