The Senate Standing Committee on Finance and Budget held a meeting this Monday where members deliberated on the 2024 Budget Policy Statement (BPS), Medium Term Debt Management Strategy (MTDMS) and the Medium Term Revenue Strategy (MTRS).

During the meeting, committee members held a robust discussion on submissions by the Parliamentary Budget Office on Budget Policy Statement, Medium Term Debt Management Strategy and the Medium Term Revenue Strategy.

The Budget Policy Statement states the criteria that will be used to allocate available public resources between the National and County Governments. It also apportions resources for various government programmes and projects.

The Medium Term Debt Management Strategy on the other hand provides information including the total stock of debt, strategy on the debt management and details regarding sustainability of the amount of debt whereas Medium Term Revenue Strategy details a framework for mobilization of revenues to finance government programmes and projects.

The Committee led by Mandera County Senator Ali Roba is slated to meet various stakeholders this week to deliberate on the documents.

The National Treasury, ICPAK, IBP, Council of Governors, Commission on Revenue Allocation are among the stakeholders that will appear before the committee.

Members present were Sen. Ali Roba (Chairperson), Sen. Dr. Boni Khalwale, Sen. Mohamed Faki and Sen. Eddy Oketch.