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