Effect of electoral calendar on budget cycle
Courtesy of MyGov
The National Treasury will be holding discussions with the Independent Electoral & Boundaries Commission (IEBC), security agencies and other stakeholders to come up with a feasible plan for financing the 2017 general elections.” The National Treasury Cabinet Secretary Mr. Henry Rotich said today during the Eleventh Parliament, Fourth Session, Sixth Leadership Retreat of the National Assembly at Serena Beach Hotel, Mombasa.
Mr Rotich said to comply with the Constitution, the National Treasury will be engaging with Parliament and other stakeholders on the changes that will require to be made to the budget calendar during election cycles and explore the possibilities of amending the Public Finance Management Act, 2012 to provide for special cases like General Elections in future.
He said The National Treasury will revise the timelines as follows: issue the Guidelines for Preparing the FY 2017/18 and Medium Term Budget by 15th July 2016; prepare and submit BROP to the Cabinet for approval by 15th of August, 2016; submit the BROP to Parliament by 31st August 2016; undertake stakeholder consultation and public sector hearings by 30th September 2016; prepare and submit the BPS to Parliament by 15th October 2016; and approval of the BPS by Parliament by 30th October 2016.
Mr Rotich said the National Treasury is planning elaborate activities that will be necessary to prepare various budget making processes in the financial year 2016/17 that will facilitate mobilisation of adequate funding during his presentation, which highlighted four key milestones of the budget making process and the timelines that focused on the following: the role of Parliament in the budget making process; the Elections Date; how the absence of Parliament will impact on the budget Making Process before/on the year of elections; and the way forward.