What is the Budget Debate?
The Annual Budget indicates what will be done with the finances of the country over the course of a year. The purpose of the Budget is to decide how much money the Government plans to expend on security, roads, water, housing and other services it provides.
Budget Debate Explained
The Budget Debate provides the Government with the opportunity to take stock of its performance over the previous fiscal year, to measure its progress in relation to the targets previously set and to assess the effectiveness of its management of the country's finances.
Here is a list of key terms and their meanings used during the Budget Debate: - Recurrent Expenditure - Capital Expenditure - Appropriation Act - Estimates of Expenditure
Financial Year 2021/2022 Budget Debate Schedule
- Ceremonial Opening of Parliament - February 18, 2021 at 11:00am
- Opening of the Budget Debate by the Finance Minister - March 9, 2021
- Contribution by the Opposition Spokesman on Finance - March 11, 2021
- Contribution by the Leader of the Opposition - March 16, 2021
- Contribution by the Prime Minister - March 18, 2021
- Closing of the Budget Debate by the Finance Minister - March 23, 2021
Budget Debate and Sectoral Speeches for Financial Year 2021/2022