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  • The Budget Process

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    Idham Rashid
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    The budget process begins in January when government agencies start preparing their budgets, which are then submitted to the Treasury in February. In March, the Ministry of Finance holds budget hearings and dialogues with agencies to review the proposed budgets. From April to July, the Budget Committee, chaired by the Ministry of Finance, reviews the budgets and makes revisions. In September, the finalized budget is submitted to Cabinet for approval and then tabled in Parliament for debates and approval. Once approved, general warrants are issued and the budget is executed from October to December, with evaluation of budget performance occurring in January of the following year.

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    The budget process begins in January when government agencies start preparing their budgets, which are then submitted to the Treasury in February. In March, the Ministry of Finance holds budget hearings and dialogues with agencies to review the proposed budgets. From April to July, the Budget Committee, chaired by the Ministry of Finance, reviews the budgets and makes revisions. In September, the finalized budget is submitted to Cabinet for approval and then tabled in Parliament for debates and approval. Once approved, general warrants are issued and the budget is executed from October to December, with evaluation of budget performance occurring in January of the following year.

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    © All Rights Reserved
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    5 views2 pages

    The Budget Process

    Uploaded by

    Idham Rashid
    The budget process begins in January when government agencies start preparing their budgets, which are then submitted to the Treasury in February. In March, the Ministry of Finance holds budget hearings and dialogues with agencies to review the proposed budgets. From April to July, the Budget Committee, chaired by the Ministry of Finance, reviews the budgets and makes revisions. In September, the finalized budget is submitted to Cabinet for approval and then tabled in Parliament for debates and approval. Once approved, general warrants are issued and the budget is executed from October to December, with evaluation of budget performance occurring in January of the following year.

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    THE BUDGET PROCESS

    Treasury Call Circular

    JANUARY

    BudgetT Preparation by
    Agencies

    FEBRUARY

    Submission To Treasury

    MARCH

    Budget Hearing
    Budget Dialogues with
    Ministry of Finance

    proposed
    revisions

    APRIL JULY
    AUGUST

    Budget Committee / Chaired By


    Ministry Of Finance

    SEPTEMBE
    R

    Submission Of Budget
    Memorandum To Cabinet

    Tabling in Parliament/
    Budget Debates / Approval

    Issue Of General Warrants

    Budget Execution

    Icu Budget Evaluation

    SEPTEMBE
    R
    OCTOBER DECEMBER

    31 DECEMBER 5 JANUARY

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