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{
    "id": 1524937,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1524937/?format=api",
    "text_counter": 874,
    "type": "speech",
    "speaker_name": "Gilgil, UDA",
    "speaker_title": "Hon. Martha Wangari",
    "speaker": null,
    "content": "roads, which are they? If you are borrowing to construct dams, which ones are they? That is why one of the recommendations that we have put to the National Treasury is that it should, in the next very few days, form a working committee to assess the effective utilisation of these borrowed funds. This will be a cross-cutting team by MDAs and the Controller of Budget so that we are able to incorporate how to monitor these debts well. The other recommendation is that the National Treasury will be expected to record in the debt register the details of this utilisation. The inter-agency team is supposed to do exactly that. Through our engagement with the Controller of Budget, a very brilliant lady, we found out that some of our neighbouring countries are doing very well, in terms of managing their debts and even making this information available. Article 35 of the Constitution ensures that you are able to get this information very easily. It should not be so hard to know how much we owe which country and in what terms. When the Controller of Budget appeared before us, she gave us very interesting information about the United Republic of Tanzania. She had just come from there. She told us that they had implemented an advanced and fully functional automated debt management system integrated with cash management system. As a country, sometimes, we get jittery in terms of getting efficiency. We have the brains, know-how and know what to do. We should have an automated debt management system integrated together with IFMIS. This is not so hard so as to ensure efficiency and account for our debt, shilling by shilling. Hon. Temporary Speaker, the other issue that the Controller of Budget told the Committee is that Tanzania has also achieved a single treasury account. This means that they are able to track the monies better instead of having multiple accounts across the place. I know there has been debate, especially on the pay bill No.222222 which is e-citizen, and the one pay bill that is for the Government. However, that is a medium but not an account. We should have one single treasury account. This will help us to track our monies and see exactly where our debt is going. I know time is limited. I see my light is on. I would like to appreciate our Parliamentary Budget Office…"
}