Budget Calendar
|
Document |
Description |
2019 |
|
Budget outlook paper received by Budget Policy Committee (BPC) for review |
Provides information and analysis of Somaliland’s Economic Outlook and Major National Issues. |
15th May |
|
Expenditure Priorities |
Government Expenditure Priorities selected by BPC in line with NDP2 (NDP2/Manifesto outcomes). |
30th May |
|
Macroeconomic and Fiscal Framework (MFF) |
Estimate of total government revenue and expenditure for the coming three years, Macroeconomic policy and forecast of macroeconomic Variables (2.1, 4.1, 4.2). |
|
|
Budget Framework (BF) |
Recurrent expenditure ceiling for the coming year (Sections 1.1, 1.2, 4.3). |
|
|
MFF and BF submitted to Cabinet and HoR by the Minister of Finance |
Minister of finance submits Macroeconomic and fiscal Framework and Budget framework to Cabinet and HoR for review (Section 5.3). |
30th June
|
|
Budget Circular and Guidelines |
Statement of government priorities, economic situation and new budget process circulated to all MDAs by the Minister of Finance (Section 4.6). |
31st July |
|
HoR feedback |
Budget Recommendations sent to the minister based on Review of MFF and BF (Section 6.4). |
15th August |
|
Budget Submission |
Each public body states the amount of funding they request with sectoral limits and details of the policy they plan to implement with public funds (Section 5.1). |
31st August |
|
Budget Negotiations between MDAs and MoF |
Expenditure estimates in MTBF are used to guide negotiations with MDAs. |
1st September |
|
Minister submits Annual Budget to the Council of Ministers |
Council of Ministers debates and votes to approve the Budget. |
29th September |
|
The Budget (Finance Bill) |
The Minister of Finance submits expenditure Votes for approval by House of Representatives and presents an update on the Somaliland Economy (7.1 7.2, 7.3, 7.4, 7.5). |
1st October |
