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{
    "id": 1524946,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1524946/?format=api",
    "text_counter": 883,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "I rise to support this Motion on the Consideration of the 2025 MTDS. I want to speak to a few things on policy propositions or resolutions that the Committee has noted, which I fully concur with. One is on automation. The policy resolutions states that, the Cabinet Secretary for the National Treasury, the Governor of CBK and the Controller of Budget should fully automate the withdrawal of debt service payments from the Consolidated Fund by 31st of May this year and submit a report to the National Assembly. I support because part of the problem we cannot get accurate data on our indebtedness as a country is that we have not fully automated our debt management processes. The other proposal is that, in order to strengthen financial controls, we ensure accurate and timely debt management statistics and enhanced decision-making for greater transparency and accountability. Again, they are asking that the National Treasury must integrate the public debt management system with IFMIS by 31st of May this year and then submit a report to the National Assembly within 15 days after the integration of the two systems. It has become customary for this House to pass policy resolutions for enactment or implementation by the National Treasury, most of which they tend to ignore. I want to tell them that for all these policy resolutions, there is a need to automate all our systems. Integration of IFMIS and the debt management system is critical in ensuring that we have accurate, timely data on our total indebtedness as a country. At the same time, there should be automation of the debt payment systems from the Consolidated Fund Services so that at any particular time at the touch of a button, any officer in the National Treasury, at the request of the National Assembly or any other oversight authority, can tell how much has been paid out of our Consolidated Fund towards debt settlement and how much we expect to pay in terms of the interest for debt. All these will be possible with automation. Thirdly, I want to speak on the Treasury Single Account (TSA). The Committee proposed that in order to mitigate the growing risk of domestic debt, interest payments and reduce the tendency of the Government to borrow funds held by public entities the National Treasury should deploy the TSA for all MDAs, parastatals and public funds by 1st July 2025. Allow me to speak to this in relation to a directive that His Excellency the President gave during the State of the Nation Address last year. Previously, the former President..."
}