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{
    "id": 1525025,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1525025/?format=api",
    "text_counter": 962,
    "type": "other",
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    "speaker": null,
    "content": "parastatals and public funds as mentioned by various Members who have spoken, among them the Deputy Speaker, who moved this Motion. The Leader of the Majority Party, along with Members of the Budget and Appropriations Committee, including Hon. Makali Mulu, stressed on the issue of TSA. I think this is the direction to go. As we speak, the Republic of Tanzania is already using the TSA. Yesterday, the Controller of Budget said that she has been to Tanzania over the same issue. So, it is high time that, as a country, we also deployed the same mechanism. Members have raised concerns about transparency and accountability when it comes to domestic borrowing. The Committee has already made some recommendations requiring the Cabinet Secretary for National Treasury and Economic Planning to, within 60 days: 1. Form a working committee to establish criteria for assessing the effective utilisation of borrowed funds by MDAs, and establish the registrar of Government securities pursuant to Section 55 of the Public Finance Management Act (Cap. 412A). 2. Record the debt in the register with the details on the utilisation of the borrowed funds, including the set of projects funded from the proceeds of infrastructure bonds. This will make it much easier for people to look at the register and access that information. With those few remarks, I support."
}