Circular on Guidelines for the Preparation of the Annual Budget for State Corporations for FY 2022/2023 and Medium-Term Projections for FYs 2023/2024 & 2024/2025

Abstract

In accordance with the State Corporations Act, Cap. 446, Sections 11 and 12 and the Public Finance Management Act, 2012 (PFMA), Section 68, All State Corporations are required to prepare and submit their proposed budgets to the Parent Ministry and the National Treasury & Planning latest by end of January each year. The proposed budgets should indicate the projected revenue and expenditure proposed to be incurred in the succeeding financial year. 2. The purpose of this Circular is to provide guidelines for the preparation and submission of the Annual Budget for State Corporations for Financial Year 2022/2023 and Medium-Term projections for FYs 2023/2024 & 2024/2025.