Functions of PBO
The functions of the Parliamentary Budget Office as outlined in section 10 of the Public Finance Management Act, 2012 are as follows:
- Provide professional services in respect of budget, finance and economic information to the Committees of Parliament.
- Prepare reports on budgetary projections and economic forecasts and make proposals to Committees of Parliament responsible for budgetary matters.
- Prepare analysis of specific issues, including financial risks posed by government policies and activities to guide Parliament.
- Consider budget proposals and economic trends and make recommendations to the relevant Committee of Parliament with respect to those proposals and trends.
- Report to the relevant Parliamentary Committees on any Bill that is submitted to Parliament that has an economic and financial impact, making reference to the fiscal responsibility principles and to the financial objectives set out in the relevant Budget Policy Statement.
- Establish and foster relationships with the National Treasury, County Treasuries and other national and international organizations, with an interest in budgetary and social-economic matters as it considers appropriate for efficient and effective performance of its functions.
- Propose where necessary and alternative fiscal framework in respect of any financial year.
NOTE: In carrying out its functions, the PBO must observe the principle of public participation in budgetary matters. It should also ensure that all its reports and documents are prepared, published and publicized not later than fourteen days after production.
Download The Public Finance Management Act, 2012
