The Budget Committee of Parliament consists of a Chairperson, Ranking Member, Vice Chairperson, Deputy Ranking Member, and up to thirteen other members. Collaborating with the Ministry of Finance and the Office of the President, the Committee plays a crucial role in initiating, formulating, and implementing the national budget. Its key responsibilities include reviewing the Medium-Term Expenditure Framework and Policy Targets, scrutinizing the Appropriation Bill, analyzing Off-Budget Reporting, ensuring the budget aligns with constitutional requirements, assessing the economic impact of tax waivers, and undertaking any other tasks assigned by Parliament.