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{
    "id": 1275923,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1275923/?format=api",
    "text_counter": 447,
    "type": "speech",
    "speaker_name": "Sen. Olekina",
    "speaker_title": "",
    "speaker": {
        "id": 407,
        "legal_name": "Ledama Olekina",
        "slug": "ledama-olekina"
    },
    "content": "We have no time for points of order because we only have five minutes. We can talk later. Mr. Temporary Speaker, Sir, Article 211(2) of the Constitution states- “Within seven days after either House of Parliament so requests by resolution, the Cabinet Secretary responsible for finance shall present to the relevant committee, information concerning any particular loan or guarantee, including all information necessary to show— (a) the extent of the total indebtedness by way of principal and accumulated interest; (b) the use made or to be made of the proceeds of the loan; (c) the provision made for servicing or repayment of the loan; and (d) the progress made in the repayment of the loan.” Mr. Temporary Speaker, Sir, if I read Article 211(2) in line with Article 214 (2), which is what this amendment is meant for, I hope that the Committee on Finance and Budget shall not rush to bring amendments to the PFM Act. If you ask me, we ought to have amended the entire PFM Act. There are certain provisions in the PFM Act, which people cannot implement. I want the Chairperson to listen. If you look at Sections 109, all the way to 116 of the PFM Act, issues of own source revenue funds are mentioned. The Committee should look at that and bring amendments to make it easy for counties to work. I am a Member of the Committee on County Public Investments and Special Funds (CPISFC). When you go through the accounts, you realise that the capacity of most governors and accounting officers is wanting when it comes to ensuring fiduciary responsibility. Some of them say we require them to implement the PFM Act, but it is difficult for them to do that. If you look at the Public Finance Management (County Governments) Regulations, 2015, most practices disregarded Sections on saving. There are things that used to happen before."
}