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

The meeting chaired by Mandera County Senator Ali Roba saw the lawmakers briefed on the budget documents ahead of consideration by specific committees.

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.