The National Treasury has invited individuals, institutions and the private sector among others to submit proposals that could be considered when preparing the National Fiscal Budget for the financial year 2016/2017/FILE
The National Treasury has invited individuals, institutions and the private sector among others to submit proposals that could be considered when preparing the National Fiscal Budget for the financial year 2016/2017.
According to Treasury Principal Secretary Dr Kamau Thugge, the move is constitutional and caters for openness, accountability and public participation in financial matters.
“In accordance to Article 201 (a) of the constitution, which calls for openness, accountability and public participation in financial matters, the National Treasury hereby invite the private sector, non-governmental organizations and individuals to submit proposals on economic policy measures that the Cabinet Secretary could consider in preparing the National Fiscal Budget for the Financial year 2016/2017,” reads Thugge’s statement.
According to the PS, the proposed economic measures should spur and or sustain economic growth, strengthen devolution, reduce poverty and create wealth and employment opportunities.
Broken down, proposals submitted measures to promote investment in agricultural transformation and food security, measures to promote investment in quality and accessible healthcare services and quality education as well as social safety net.
“Your proposals may also include measures to create a conducive business environment, deepen structural and governance reforms and improve security in order to encourage innovation, investment, growth and expansion of economy and employment opportunities.”
Additional measures include its ability to attract investment in transport and infrastructure, including investment in the mode of seaports and airports, and other key infrastructure. These include rail and road networks, oil energy and water supplies among others.
“The submissions should be specific, supported with a brief statement of the issue to be addressed and the rationale for the proposals.”
To allow timely consultations and adequate considerations, proposals should be forwarded to Treasury not later than 31st March 2016.
