The audience was held by the Table of the institution with the Second Vice Prime Minister of the Government, Charged with Parliamentary Relations and Judicial Affairs, A�ngel Mesie Mibuy, at the behest of the President of the Upper Chamber, Teresa Efua Asangono, to look at aspects relating to the General State Budgets for the 2020 economic period, recently submitted by the chamber for second reading.
Considering that the budget is the most important law for a state because it sets out the criteria and ways of operating for a government throughout each specific economic period, and noting its late submission to National Parliament, the members of the Senate Table called the Vice Prime Minister to appear in order to examine aspects relating to the late submission, taking into account that article 108.1 of the Senate internal regulations states that the General State Budgets will be presented to the Senate two months prior to their study, approval and enactment by the Head of State.
In response, and recognising the situation, the vice Prime Minister justified the delay in submitting the legal instrument for consideration by national Parliament as a result of the negotiations which took place between the Ministry for Finance, the Economy and Planning and the International Monetary Fund.
Taking into account that the drawing up of a budget covers income and spending for an economic period, the Vice Prime Minister shared the concerns of the Senate, above all for the form and manner in which it has arrived during the final moments of the Second Ordinary Period of Parliamentary Sessions 2019.
Source: Official Web Page of the Government of the Republic of Equatorial Guinea