Section 29, The Public Financial Management Act, 2016

(1) For the purpose of this Act, State expendituresinclude, without limitation– 30 31 Structure of State budget. State revenues to be presented in the State expenditures to be authorized by the Estimates. (a) personnel expenditures; (b) operating expenditures, including expenditures for acquisition of inventory; (c) capital expenditures, including expenditures for acquisition or development of tangible, intangible, or financial assets or ownership interest; (d) transfers; (e) expenditures for granting loans; and (f) expenditures for interest payments and other debt service charges and repayment of domestic and external borrowing. (2) State revenues may not be earmarked for a specific State expenditure or retained by a budgetary agency for its expenditure, unless such earmarking or retention is authorized by an Act of Parliament. (3) All State expenditures for which appropriations are to be made under an Appropriation Act shall be presented in the relevant Estimates without being offset by State revenues. (4) The Estimates shall separately present the amount of revenue expected to be raised by each budgetary agency and the external grants that it is likely to receive from donors. Budget preparation and approval