The object of the bill is to provide for fiscal and macroeconomic management; to provide for the Charter of Fiscal Responsibility; to provide for the Budget Framework Paper; to provide for the  roles of the Minister and the Secretary to the Treasury in the  budgeting process; to provide for virements, multiyear  expenditures, supplementary budgets and excess expenditure ; to provide for the Contingencies Fund; to provide for the  Consolidated Fund and for the investment of balances, grants of credit on and commitments against the Consolidated Fund; to  provide for bank account management, management of expenditure commitments, raising of loans by the Minister, management of the Government debt, authority to receive monetary grants and assets management; to provide for the roles of accounting officers; to establish accounting standards and  audit committees; to provide for in-year reporting; to provide for the preparation of annual accounts and for the accounting for  classified expenditure; to establish the Petroleum Fund and the  collection and deposit of revenues into and the withdrawal of revenue from the Petroleum Revenue Holding Account and for the management of the Petroleum Revenue Investment Reserve;  to provide for the role of the Bank of Uganda in the operational management of the Petroleum Revenue Investment Reserve; to provide for the establishment of the Investment Advisory Committee; to provide for the financial reports, annual reports and annual plans of the Petroleum Revenue Holding Account and the Petroleum Revenue Investment Reserve; to provide for the sharing of royalties; to provide for offences; to repeal the  Public Finance and Accountability Act, 2003 and the Budget Act 2001; and to provide connected matters.