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"id": 1503182,
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"text_counter": 422,
"type": "speech",
"speaker_name": "Tetu, UDA",
"speaker_title": "Hon. Geoffrey Wandeto",
"speaker": null,
"content": "The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
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"id": 1503183,
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"text_counter": 423,
"type": "speech",
"speaker_name": "Tetu, UDA",
"speaker_title": "Hon. Geoffrey Wandeto",
"speaker": null,
"content": "Thank you, Hon. Temporary Speaker."
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"id": 1503184,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1503184/?format=api",
"text_counter": 424,
"type": "speech",
"speaker_name": "Hon. Peter Kaluma",
"speaker_title": "The Temporary Speaker",
"speaker": {
"id": 1565,
"legal_name": "George Peter Opondo Kaluma",
"slug": "george-peter-opondo-kaluma"
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"content": " Hon. Wilberforce Oundo."
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"id": 1503185,
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"text_counter": 425,
"type": "speech",
"speaker_name": "Funyula, ODM",
"speaker_title": "Hon. (Dr) Ojiambo Oundo",
"speaker": null,
"content": " Thank you, Hon. Temporary Speaker. I support the Bill in principle. Allow me to first of all delve into Clause 3, which is an administrative reporting matter that is required under the Constitution and the parent Act. Let me also share my experience as a Member of the Public Accounts Committee, where that matter is routinely featured in terms of how to account and prepare reports of accounts."
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"id": 1503186,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1503186/?format=api",
"text_counter": 426,
"type": "speech",
"speaker_name": "Funyula, ODM",
"speaker_title": "Hon. (Dr) Ojiambo Oundo",
"speaker": null,
"content": "I am not an accountant, but I was once a reporting officer or an officer of a company. At the end of every financial year, companies must prepare books of accounts. While in the private sector you will see a balance sheet with assets and liabilities clearly enumerated together with the loss and income statement, that has not been there in the Government. This is to the extent that pending bills could have been cured through an accrual system. As the Chairperson said, the Government does not know its assets in entirety with the current system. No single accounting document can tell you all the assets of the Government. That is why it is important that we shift to an accrual basis, so that we are able to tell the assets and liabilities of the Government, for purposes of assessing the net worth of the Government."
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"id": 1503187,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1503187/?format=api",
"text_counter": 427,
"type": "scene",
"speaker_name": "",
"speaker_title": "",
"speaker": null,
"content": "[The Temporary Speaker (Hon. Peter Kaluma) left the Chair]"
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"id": 1503188,
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"speaker": null,
"content": "[The Temporary Speaker (Hon. Farah Maalim) took the Chair]"
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"id": 1503189,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1503189/?format=api",
"text_counter": 429,
"type": "speech",
"speaker_name": "Funyula, ODM",
"speaker_title": "Hon. (Dr) Ojiambo Oundo",
"speaker": null,
"content": "My only concern is that the commencement date of the accruals accounting system has been shifting all along. This leaves me wondering: does it really mean that the Government, or the Executive at both the national and county levels, lack the technical capacity to swiftly transition to the accrual basis? Many times, accounting officers come to you and say that they do not have a fixed asset register because they do not have money to prepare one. It is important that this process is expedited so that we can move to the accrual system. As I conclude on the issue of Clause 2, the parent Act states that the Cabinet Secretary shall, not later than five years from the date of commencement of sub-sections (2A) and (2B), presentably state the debt limit, taking measures to ensure that borrowing by the national Government complies with the threshold prescribed in sub-section (2A). The new amendment shifts and proposes that the provisions of sub-sections (2A) and (2B) shall come into force on the date that is five years from the date of commencement of this Act. In principle, this Bill shifts the date by which we have to comply with the provisions (2A) and (2B) to a date after five years from the date this Bill is assented to or comes into force. Therefore, it gives the current or the next Government the latitude to play around and probably not adhere to the regulations. A more important issue that needs to be addressed as a nation is the matter of pending bills. It is extremely unfair to insinuate that pending bills are not debt. Article 214 states that for the purposes of this Article, \"the public debt\" means all financial obligations attendant to loans raised or guaranteed and securities issued or guaranteed by the national Government. I urge the national Government to capitalise on pending bills and issue guarantees so that loans covering the debts of the national Government can be adequately and correctly reported. As it stands, we are essentially understating the loans and debts of the national Government. This might not even include all the historical pending bills, let alone the current ones. It could be almost 70 per cent or close to 80 per cent of the national GDP. It is important that we deal with this issue and determine how to proceed. I hope the Committee listened to the people of Kenya and that amendments will be made to address the concerns we have raised here. We understand the need to move these things in good time so as to unlock very many things that are stuck."
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"id": 1503190,
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"type": "speech",
"speaker_name": "Funyula, ODM",
"speaker_title": "Hon. (Dr) Ojiambo Oundo",
"speaker": null,
"content": "The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
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"id": 1503191,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1503191/?format=api",
"text_counter": 431,
"type": "speech",
"speaker_name": "Funyula, ODM",
"speaker_title": "Hon. (Dr) Ojiambo Oundo",
"speaker": null,
"content": "With those few remarks, I support."
}
]
}