[Section 7 heading substituted by section 6 of Notice No. 17, GG 42170, dated 17 January 2019]
| (1) |
The Minister must table the national annual budget in the National Assembly as set out in section 27 of the Public Finance Management Act, at the same time as the Division of Revenue Bill and the Appropriation Bill. |
| (2) |
In addition to the information stipulated in section 27 of the Public Finance Management Act, the documentation tabled by the Minister with the national annual budget must include— |
| (a) |
the proposed fiscal framework; |
| (b) |
the key macro-economic assumptions underlying the fiscal framework over the short, medium and long term; |
| (c) |
key fiscal ratios for the next three financial years, including revenue, expenditure, the primary and overall balance and outstanding general government and public sector debt at the end of the financial year as a percentage of gross domestic product; |
| (d) |
tax and other revenue proposals, including the contribution of the different revenue categories to national revenue for the next three financial years; |
| (e) |
cyclical factors taken into account in the formulation of the proposed fiscal framework for the next three financial years; |
| (f) |
an estimate of aggregate general government and public sector debt levels in the short, medium and long term; |
| (h) |
any other information requested by a House from time to time. |
| (3) |
[Section 7(3) deleted by section 6 of Notice No. 17, GG 42170, dated 17 January 2019] |
| (4) |
The Minister must submit a report to the Houses at the same time as tabling the Bills referred to in subsection (1), explaining how the Division of Revenue Bill and the national budget give effect to, or the reasons for not taking into account, the recommendations contained in the reports referred to in sections 5(2), 6(7) and 6(12). |
[Section 7 substituted by section 6 of Notice No. 17, GG 42170, dated 17 January 2019]
Contingency Fees Act, 1997
