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{
"id": 1591172,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591172/?format=api",
"text_counter": 158,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "Sixth, facilitate fiscal decentralisation by allocating shareable revenues to county governments to bolster institutional capacity and improve service delivery."
},
{
"id": 1591173,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591173/?format=api",
"text_counter": 159,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "Finally, undertake policy, legal, and institutional reforms to improve efficiency and effectiveness in public service delivery."
},
{
"id": 1591174,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591174/?format=api",
"text_counter": 160,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "I now want to turn to a presentation on building resilience against climate change. 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."
},
{
"id": 1591175,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591175/?format=api",
"text_counter": 161,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "Climate change is now a global crisis. Kenya remains vulnerable to the impact of climate change that poses both economic and fiscal risks. In response, the government is taking proactive steps to align with the global transition towards a low-carbon climate-resilient future. To address the challenges and opportunities in climate finance and investment, the government has developed several frameworks. These include: Climate Finance Mobilisation Strategy, National Policy Framework on Green Fiscal Incentives, Carbon Market Framework and the National Green Taxonomy."
},
{
"id": 1591176,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591176/?format=api",
"text_counter": 162,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "To diversify our financing sources, address Budget deficits, and fund social and environmental sustainability projects, the government is developing a Sustainability-Linked Bond Framework that will allow issuance of a bond. We re-affirm our dedication to protecting our environment, safeguarding livelihoods, and building a climate-resilient Kenya for current and future generations."
},
{
"id": 1591177,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591177/?format=api",
"text_counter": 163,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "As a country, we continue to experience challenges of disaster occurrences mainly due to weather variability and climate change. These pose significant fiscal disruptions while affecting lives and livelihoods of millions of Kenyans. To have a financing framework to manage disaster risks, the government is finalising development of the Public Finance Management (Disaster Risk Management Fund) Regulations of 2025. The Regulations seek to establish a dedicated Fund to address four cycles of disaster risk management: preparedness, mitigation, response and recovery. Allow me now to turn to policy, legal, and institutional reforms. Recognising that sustainable economic recovery depends on timely implementation of effective policy, legal and institutional reforms the government is implementing the following interventions to enhance a business environment, improve public service delivery, and bolster accountability in managing public finances. One is public procurement reforms. To streamline public procurement, we developed the Public Procurement and Asset Disposal (Amendment) Bill of 2024. It is currently in Parliament for enactment. The Bill seeks to enhance transparency and accountability, and strengthen the regulator's role to enforce standards, compliance and sanctions to non-compliant procuring entities. The Bill promotes use of local content and align it with international best practices. I urge Hon. Members to fast- track its enactment. To automate public procurement and asset disposal fully, I launched the end-to-end e- Government Procurement (e-GP) System in April 2025. The system is a complete departure from manual processes. It will increase bidder participation, enhance efficiency in processing procurement requests, and increase authenticity of procurement documents through integration with government systems."
},
{
"id": 1591178,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591178/?format=api",
"text_counter": 164,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "The rollout of the e-Government Procurement (e-GP) System is scheduled for July 2025. To ensure its effective use, the National Treasury rolled out the training of end users from procuring entities in both the national and county governments on the e-Government Procurement (e-GP) System Phase 1 modules that cover from procurement planning to contract management. We have trained suppliers. To date, 400 end users of the e-Government Procurement (e-GP) System including public finance management staff and suppliers from both the national and county governments have been trained in readiness for the full rollout in July 2025. Next, I want to speak on restraining the growth of the public sector wage bill that has been of serious concern. The government continues to implement measures aimed at reducing the ratio of government’s wage bill as a share of tax revenue with a view to free much needed resources for priority social and development spending. The government will implement the following initiatives to control the wage bill. 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."
},
{
"id": 1591179,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591179/?format=api",
"text_counter": 165,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "First, the government will fully implement the Unified Human Resource Management System across all public entities by July 2025. This initiative is part of broader efforts to enhance public sector efficiency, improve management of the wage bill, and ensure effective utilisation of public funds."
},
{
"id": 1591180,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591180/?format=api",
"text_counter": 166,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "Second, the Salaries and Remuneration Commission (SRC) sustainably continues to reduce the number of allowances in public service through a phased approach aimed at streamlining allowances to improve transparency, accountability, equity, and fairness thereby, ensuring the total compensation bill is affordable and fiscally sustainable. To this end, the SRC will progressively, review allowances and benefits in future collective bargaining agreements to align allowances to policy guidelines for public service. Allow me turn to reforms of state corporations. State Corporations are a major source of fiscal risks to public finances due to management and operational inefficiencies. An assessment by The National Treasury to determine viability of State Corporations identified critical gaps and vulnerabilities. To address the vulnerabilities, in January 2025, the Cabinet approved reforms to streamline State Corporations and enhance their governance and accountability. The reforms target to address operational and financial inefficiencies, enhance service delivery, and reduce State Corporations’ overreliance on exchequer support. The approved reforms include the following: First, merger of 42 State Corporations into 20 entities to improve operational efficiency and eliminate redundancy as some have duplicating and or overlapping mandates. Second, dissolution of 25 State Corporations and their functions transferred back to their parent ministries or other State Corporations. Third, restructuring six State Corporations to align their mandates for improved performance. Fourth, declassification of four public funds currently categorised as State Corporations and transferring their functions back to the relevant ministries. Fifth, declassification of 13 professional bodies currently categorised as State Corporations to private entities with no exchequer budget. In order to enhance the operational efficiency, improve governance and ownership of State Corporations, the Government developed the Government-Owned Enterprises Bill, 2024. The Bill is part of broader efforts by the Government to streamline public enterprises, reduce fiscal risks, and enhance service delivery to citizens. The Bill is currently, before this august House for consideration. I urge Honourable Members to favourably consider the Bill to enable its enactment. In order to secure the uptake of cotton production while also providing alternative lint supplies for local apparel manufacturers, the Cabinet approved the revival and commercialisation of Rivatex East Africa Limited by onboarding non-equity strategic partners. On sugar sector reforms, H.E. the President re-affirmed his commitment, during this year’s Madaraka Day celebrations, to ensure the prompt payment of sugarcane farmers. The Government has also taken practical steps to deliver its promise to modernise the mills and transform these once-struggling factories into productive, sustainable enterprises. Currently, four state-owned sugar factories: Chemelil Sugar Company, Muhoroni Sugar Company, Nzoia Sugar Company and South Nyanza Sugar Company (SONY) have been placed under competitive leasing arrangements. This initiative is expected to enhance efficiency, restore profitability and protect the livelihoods of farmers. Let me now turn to pending bills. The Government remains committed to resolving the long-standing issue of pending bills, as part of the broader efforts to strengthen public financial management and restore confidence in Government processes. In this respect, the Pending Bills Verification Committee that was appointed in September 2023 is currently, finalising its report for submission by end of this month. 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."
},
{
"id": 1591181,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591181/?format=api",
"text_counter": 167,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "Since its inauguration, the Committee received a total of 65,627 pending bills claims valued at Ksh571.6 billion. The Committee has analysed 57 percent of the bills received, valued at Ksh522.9 billion. Out of this, a total of Ksh229 billion has been recommended for settlement. Once the Committee submits its report, we shall submit the recommendations to Cabinet for approval to settle the pending bills. On the National Assets and Inventory Management Reforms, in order to promote prudent management of public assets and liabilities, The National Treasury digitised assets in the Assets and Inventory Management modules in the IFMIS for use by both National and County Governments. Already, 52 State Departments have gone live on the IFMIS Asset module and are at various stages of uploading their registers for six asset categories namely: Land, Buildings, Motor Vehicles, ICT Equipment, Office Equipment, and Furniture and Fittings. In addition, a roadmap is in place to rollout the module to the County Governments. This reform will enable Accounting Officers have visibility of all assets and inventory under their control and facilitate optimal assets utilisation. To enhance the management and utilisation of public assets, the Government is developing a policy on public sector asset valuation. The policy will support accurate financial reporting, strengthen fiscal discipline and inform evidence based public investment decision. In addition, the Government will develop a framework to facilitate identification of Public Sector assets. This will ensure accuracy and completeness of assets registers which are critical for transition to accrual basis of accounting. On financial Sector Reforms, the banking sector has remained stable and resilient with a strong asset base; which grew by 1.5 per cent from Ksh7.6 trillion in April 2024 to Ksh7.7 trillion in April 2025. To anchor the banking sector to continue playing its role in Kenya’s social economic transformation, various reforms have been implemented which include: 1. The Central Bank of Kenya lifted the moratorium on licensing of new commercial banks in Kenya in April 2025. This is expected to attract Foreign Direct Investment in the sector resulting in competition and consequently reduced lending rates. 2. To promote the greening of the banking sector, Central Bank of Kenya in April 2025, issued the Kenya Green Finance Taxonomy and the Climate Risk Disclosure Framework for implementation by the sector. The Kenya Green Finance Taxonomy is a tool to classify whether particular economic activities are ‘green’ or environmentally, sustainable and promote the transition to a low-carbon economy. The Climate Risk Disclosure Framework is aimed at enabling banks to integrate climate-related risks into their governance, strategy, risk management and disclosure frameworks. It is also intended to enable banks to leverage on business opportunities from efforts to mitigate and adapt to climate change; and 3. Issuance of Guidelines on Global Liquidity Standards and Leverage Ratio. The Central Bank of Kenya, in April 2025, issued Guidelines on Liquidity Coverage Ratio, Net Stable Funding Ratio, and Leverage Ratio for the banking sector. These guidelines will enhance the banking sector’s liquidity and capital frameworks to promote greater financial stability and resilience thereby, ensuring that banks have the ability to withstand unexpected shocks, maintain stable funding, and manage their risk profiles effectively. Hon. Speaker, the Central Bank of Kenya in collaboration with The National Treasury and other stakeholders, are developing The National Financial Inclusion Strategy for the period 2025 to 2028. The Strategy provides a coordinated framework for advancing financial inclusion agenda to meet the needs of all Kenyans through deepening access and usage of financial services, enhancing quality of affordable financial products that meet consumer needs. 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."
}
]
}