[FM 12,465] Cash flow forecasting35 

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(1) The following cash flow information must be provided to the Budget Division, Financial Management Information System Unit and the Debt and Cash Flow Management Unit within the Ministry—

• (a)an annual forecast of expenditure (by output/activity and SEG), 15 working days before the start of each year;
• (b)an annual forecast of revenue (by type) for each month, 15 working days before the start of each year; and
• (c)an updated monthly forecast of expenditure and revenue to be submitted 3 working days before the start of each month.

(2) The Accounting Head must ensure that the forecast information provided is reliable and does not lead to unnecessary borrowing costs to Government.

(3) Any adjustment to annual expenditure cash flow forecast must be submitted to Financial Management Information System Unit using the cash flow adjustment form.

(4) All adjustments must be approved by the respective permanent secretaries.