Speech by the Minister for Finance Hon
SPEECH BY THE MINISTER FOR FINANCE HON. BASIL P. MRAMBA (MP.), INTRODUCING TO THE NATIONAL ASSEMBLY THE ESTIMATES OF GOVERNMENT REVENUE AND EXPENDITURE FOR THE FINANCIAL YEAR 2003/2004 ON 12TH JUNE, 2003 INTRODUCTION: 1. Mr. Speaker, I beg to move that this esteemed House now resolves to debate and approve Government proposals for Revenue and Expenditure estimates for the Financial Year 2003/04. The Government budget has been consolidated into four volumes. Volume one presents revenue estimates, volumes two and three contain recurrent expenditure estimates for ministries, government departments, and regions, including urban and district councils. The fourth volume contains the development expenditure estimates for the ministries, government departments, regions, and councils. In addition, there is the 2003/04 Finance Bill. 2. Mr. Speaker, before I table the 2003/04 budget, allow me to express my appreciation to all those who participated in the preparation and finalization of this 1 budget in various ways. In particular, I would like to thank the Finance and Economic Committee of the Parliament and all other Committees, for keenly scrutinizing the budget estimates with a high standard of professionalism. The invaluable advice offered by these committees greatly assisted in finalizing the budget proposal being presented today. 3. Mr. Speaker, the budget preparation process involved consultations with a broad range of stakeholders, both within and outside the Government. Let me take this opportunity to thank the staff of various ministries, independent government departments, regions, councils, non-governmental organizations, the private sector, national and international organizations for their invaluable contributions to the preparation and finalisation of this budget.
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