OVERVIEW
        Legal Framework
              Constitution
              Organic Budget Law
              Financial Regulations
        Annual Budgeting Cycle
              Preparation & Execution
              Accounting & Audit
              Districts
        Institutions, Roles and Responsibilities
              National Budget Unit
              Departments of MINECOFIN
              Line Ministries
              Cabinet/Parliament
                                THE LEGAL FRAMEWORK
                               There are 3 main legislative documents which 
                               direct the annual budget cycle
                                   1.   Constitution of the Republic of Rwanda
                                   2.   Organic Law on State Finances and Property
                                   3.   Financial Regulations (ministerial order)
       THE LEGAL FRAMEWORK
        CONSTITUTION OF THE REPUBLIC OF RWANDA 
          Adopted in 2003
          Establishes a bi-cameral legislature
          Provides for key annual activities of the legislature
                 Submission of draft Finance Law to Cabinet
                 Adoption of Finance Law by Parliament
                 Submission of budget execution report to Parliament.
        ORGANIC LAW ON STATE FINANCES AND PROPERTY (OBL)
          Adopted in 2006
          Establishes the principles of planning, budgeting and monitoring 
             of state resources and management of state budget.
        FINANCIAL REGULATIONS
          Published in 2007
          The Financial Regulations gives further ministerial instructions 
             regarding the budget calendar, expenditure categorization, 
             reallocations and accounting standards.
                                 THE ANNUAL BUDGET 
                                 CYCLE
                                The National Budget Cycle can be broken down as 
                                follows:
                                Preparation
                                        1.   National Priorities
                                        2.   National MTEF
                                        3.   Agency Budget and MTEF
                                        4.   Finance Law
                                Other aspects
                                        1.   Budget Execution & SmartGov
                                        2.   Auditing & Accounting
                                        3.   District Budget Cycle
                                        4.   Ongoing Budget Reforms
     STEP 1: NATIONAL PRIORITIES
     Months 3-4 of the fiscal year constitute the review period where the 
        previous year’s performance is assessed and national priorities 
        are set for the coming year
    Level                Activity
    National             Macroeconomic Review & medium term 
    (MINECOFIN)          projections
                         EDPRS annual progress report
    Sectors              Joint Sector Review
                         Report on Annual Action Plan & Budget 
                         Execution
    Districts            Report on imihigo
                         Joint District Review
    Development          Joint Budget Support and PFM review
    Partners             Proceeding this, DPs make tentative commitments for the 
                         following year
    Cabinet/Parliament   Akagera Retreat where national priorities for 
                         the coming year are decided.