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{
    "id": 1167741,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1167741/?format=api",
    "text_counter": 116,
    "type": "speech",
    "speaker_name": "Sen. Farhiya",
    "speaker_title": "",
    "speaker": {
        "id": 13179,
        "legal_name": "Farhiya Ali Haji",
        "slug": "farhiya-ali-haji"
    },
    "content": "Mr. Speaker, Sir, I beg to move the following Motion- THAT, the Senate adopts the Report of Standing Committee on Finance and Budget on the efficacy of the Integrated Financial Management Information System (IFMIS) and its application in disbursement of funds and laid on the Table of the Senate on Thursday, 16th June, 2022. Mr. Speaker, Sir, on this matter, the Committee on Finance and Budget had so many sittings and many stories from many stakeholders. We did a lot of work. Some of the people we engaged were from the National Treasury and Planning, Office of the Auditor-General (OAG), the Governor of Central Bank of Kenya (CBK), the Office of the Controller of Budget (CoB), the Council of Governors (CoG) and the Institute of Certified Public Accountants of Kenya (ICPAK). It came out that there is a lot of potential within IFMIS system, which is not currently being used. One potential of IFMIS is the ability to do accrual basis of accounting. It is able to do electronic procurement, cash registers, human resource management and linkages between expenditures. It is also able to bring to a close the pending bills being in the system with a lot of visibility. A lot of work needs to be done by the National Treasury. If that work is done, financial management of this country will be a notch higher."
}