|Due dates||Activities||Legal basis|
|March-June||Macro-economic framework Prepare macro-economic framework||Budget circular|
|July-August||Determine resource envelope/obtain budget informationPresentation of macro-economic framework to the Cabinet for endorsement of fiscal targets.|
Issue circular to line ministries and agencies: (i) requesting estimates of tax and non-tax revenue; and grants/donations in cash form both for the medium term and the current financial year (revised), submission by mid-August and (ii) requesting expenditure estimates in the Ministry of Finance prescribed forms for the budget year and following two years, submission by end-August.
|September-November||Determine Budget Ceilings|
Budget hearings-review all budget requests for the budget hearings. Analyze, review and compile additional requests from ministries and agencies. Issue invitations for budget hearings. Conduct budget hearings and develop ceilings.
Compile final budget scenario based on macro-economic framework, fiscal targets, resource envelope, statutory payments, and budget hearings.
Present summarized budgetary framework and medium-term expenditure framework to Treasury Cabinet Committee for approval.
Submit summarized budgetary framework and Medium Term Expenditure Framework to Cabinet for approval.
Issue Treasury circular to line ministries and agencies with final medium-term budget ceilings and seek adjusted documents.
|November-February of the following year||Finalize budget documents|
Compile budget documents, seek comments of the Bank of Namibia and the National Planning Commission, and finalize.
|Feb. -March||Submission of budget to Parliament for approval|
Print budget documents and submit budget to National Assemriations Act, which provides the appropriatebly and National Council
With approval of the budget by both chambers of Parliament, an Appropriations Act is passed by the legislature, and given to the President for signature.
|State Finance Act, 1991|