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{
    "id": 1524924,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1524924/?format=api",
    "text_counter": 861,
    "type": "speech",
    "speaker_name": "Uasin Gishu County, UDA",
    "speaker_title": "Hon. Gladys Boss",
    "speaker": null,
    "content": "The Committee also made the following key recommendations, which I urge Members to support. There are non-financial recommendations and financial recommendations. The non- financial recommendations we are requesting the House to support are the following: 1. That, to meet the Public Finance Management (PFM) Act, 2012 threshold of debt to GDP in Present Value Terms of 55 per cent (plus 5 per cent) by 2028, the Cabinet Secretary for the National Treasury and Economic Planning should publish quarterly reports detailing progress on the fiscal consolidation as outlined in the 2025 BPS. Currently the National Treasury and Economic Planning is operating at 63 per cent, which is above the requirements of the PFM Act, but they have undertaken that they will reduce it as per the requirement by 2028. They seek the support of this House as they take steps to ensure that this happens. 2. That, the Cabinet Secretary for the National Treasury and Economic Planning, the Governor of the Central Bank of Kenya and the Controller of Budget should fully automate the withdrawal of debt service payments from the Consolidated Fund by 31st May 2025 and submit a report to this House within 15 days. 3. That, to strengthen the financial controls, ensure accurate and timely public debt statistics and enhanced decision making for greater transparency and accountability, the National Treasury should integrate the Public Debt Management System with the Integrated Financial Management System (IFMIS) by 31st May 2025 and submit a report to the National Assembly within 15 days of implementation."
}