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Financial Management of Parliament Act, 2009 (Act No. 10 of 2009)

Chapter 8 : Reporting and Auditing

Part 1 : In-year reporting

53. Mid-year budget and performance assessment

 

(1) Before 31 October of each year, the Accounting Officer must submit to the Executive Authority a report that assesses the performance of Parliament’s administration during the first half of the financial year, taking into account—
(a) the monthly statements referred to in section 51 for the first half of the financial year;
(b) the past year’s annual report, and progress on resolving problems identified in the report; and
(c) performance in implementing the annual performance plan.

 

(2) In the report the Accounting Officer must—
(a) recommend whether an adjustments budget may be necessary; and
(b) revise projections for revenue and expenditure to the extent that this may be necessary.