Constitution of The BahamasIn briefThe Minister of Finance must prepare yearly estimates of revenue and spending and lay them before the House of Assembly.
The Minister of Finance shall, before the end of each financial year, cause to be prepared annual estimates of revenue and expenditure for public services during the succeeding financial year, which shall be laid before the House of Assembly.
Before the end of each financial year, the Minister of Finance must have annual estimates prepared of revenue and of spending on public services for the following financial year, and these must be laid before (formally presented to) the House of Assembly.
The estimates of expenditure shall show separately the sums required to meet statutory expenditure (as defined in Article 130(7) of this Constitution) and the sums required to meet other expenditure proposed to be paid out of the Consolidated Fund.
The estimates of spending must show separately the sums needed for statutory expenditure (spending already required by law, as defined in Article 130(7) of this Constitution) and the sums needed for other spending proposed to be paid out of the Consolidated Fund (the Government's main account).