Section 31, The Public Financial Management Act, 2016

(1) As soon as practicable after the Fiscal Strategy Statement is approved under subsection (1) of section 23, the Financial Secretary shall issue a budget call circular in accordance with the Fiscal Strategy Statement, for the purpose of guiding budgetary agencies in preparing budget proposals. (2) A budget call circular issued by the Financial Secretary under subsection (1), shall – 32 33 Budget call circular. Medium-term framework. (a) prescribe ceilings on expenditures from the State budget for the next three years or more broken down at the level of detail as determined by the Minister; (b) prescribe a budget calendar which sets out the time frame in respect of preparation and approval of the State budget; (c) include instructions to be complied by budget agencies in the course of preparation of budget proposals; and (d) any other matters as may be deemed necessary by the Minister.