Section 15
Responsibility of Minister in relation to public expenditure
of Public Finance and Fiscal Responsibility Act 2023
The Minister shall formulate medium term public expenditure policy as a comprehensive framework for the public expenditure planning.
(2)
The Minister shall, in respect of every financial year, prepare a statement of the estimated expenditure based on the Government’s mandate and policy consistent with underlying assumptions of economic indicators and other related factors.
(3)
The Minister shall monitor the performance of programmes and projects in the expenditure estimates and report its outcome to ensure optimal resource utilisation.
(4)
The Minister shall publish a mid-year expenditure performance report under section 36 of this Act.
(5)
The Minister shall, during the tabling of supplementary supply bill, state the purpose and source of funding in relation to the supplementary and excess expenditure, in the event the expenditure of that financial year exceeds the approved expenditure estimates either through saving, recalibration of expenditure, additional receipt or borrowing.
(6)
The Minister shall conduct programmes and projects evaluation in the medium term and report his findings and recommendations to the Cabinet.