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{
    "id": 1525037,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1525037/?format=api",
    "text_counter": 974,
    "type": "speech",
    "speaker_name": "Nominated, ODM",
    "speaker_title": "Hon. Irene Mayaka",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I also stand to support this Report. First of all, it is within the time that we need to discuss it. I have looked at the Strategy Paper that has been presented by the Committee, and some of the recommendations they have made. For example, the fact that we now want to automate the system and integrate it to Integrated Financial Management Information System (IFMIS) is something that is way beyond time. It should have happened sooner than later. All the same, it is still a very good idea. The only caution I want to throw in is that when implementing the integration policy, let us not immediately grandfather the current manual system until we are certain that the new one actually works. If we integrate the two systems but the product fails to work, we will be thrown back to square one. I have also seen another recommendation to the effect that as we implement the proposed changes, there must be close scrutiny and monitoring with Parliament getting quarterly reports. This is also very important because that is the only way we can tell whether the new strategy is working or not. We will know whether or not the new ratios that have been suggested – Increasing the domestic borrowing ratio to the external borrowing ratio – are actually working. I am saying this because one of the Committee’s recommendations is on having a close look at the proceeds of the infrastructure bond. As a House, we need to be The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}