Statement of the Objects and Reasons to the Appropriation (2014-2015) Act, 2014

Submitted by sehapi on 06 October 2015
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Long Title: 
Statement of the Objects and Reasons to the Appropriation (2014-2015) Act, 2014
Year of Bill: 
2014
Number of Bill: 
23
Date Introduced: 
31 March 2014
Body: 

GOVERNMENT NOTICE NO. 23 OF 2014

 

 

Statement of Objects and Reasons of the

Appropriation  (2014/2015) Act, 2014

 

(Circulated by authority of the Honourable  Minister of Finance

Dr. Leketekete Victor Ketso)

 

 

The object of this Bill is to allocate for 201412015 fiscal year, the amount  of M11 ,857,003,695 to Government Ministries for both Recurrent and Capital Ex- penditure.

 

The sources of the amount to be allocated are the Government Revenues which amount to M14,859,760,772 Donor Grants ofM893,819,373  and External Loans of M1 ,123,236,915.

 

The Bill is prepared in accordance with section 112 (1) and (2) of the Constitu- tion of Lesotho.