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{
    "id": 1213817,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1213817/?format=api",
    "text_counter": 188,
    "type": "speech",
    "speaker_name": "Balamabala, JP",
    "speaker_title": "Hon. Abdi Shurie",
    "speaker": null,
    "content": "Finance Management Framework to enable the National Assembly review and approve the debt financing intended to finance the fiscal deficit of the Annual Budget. On commitment fees, the Committee recommends implementing agencies should put proper mechanisms in place to enable absorption of the committed credit within the agreed timeframes and avoid payments of commitment fee. The National Treasury should involve an entity that is intended to benefit from a loan during the pre-loaning stages. This will enable such entities to be cognisant of the significance of some of the processes, and importance of adhering to the agreed loan conditions. Hon. Temporary Speaker, the National Treasury should submit an amendment to the Public Finance Management Act (PFM Act) to ensure that budgeted counterpart funding is re- enforced by law and to provide appropriate sanctions for its contraventions within six months of tabling this Report. The latter will guarantee that in-year re-allocation does not affect counterpart funding to promote full and timely disbursement of loans. The National Treasury should, within the six months, re-engineer the Pensions Management Information Systems to address the integrity issues raised by the Office of the Auditor-General and interface the system with the Government integrated personnel and payroll database to ensure tracking of Government employees in the payroll. In conclusion, the Committee notes and appreciates the stakeholders whose contributions are contained in this Report. They include: 1. The Controller of Budget 2. The Auditor-General (AG) 3. The National Treasury 4. The Central Bank of Kenya (CBK) Their submissions raise critical issues and pointed to the importance of institutionalising of Kenya’s financial management sector. I beg to move this Motion, and call upon the Committee’s Vice-Chairperson, Hon. (Dr) Makali Mulu, to second."
}