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{
    "id": 1525849,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1525849/?format=api",
    "text_counter": 236,
    "type": "speech",
    "speaker_name": "Hon. Mbadi",
    "speaker_title": "The Cabinet Secretary for Treasury and Economic Planning",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "deliberate efforts will be put in place to strike a right balance between the need to create a stronger and more reliable revenue stream and the need to protect the critical masses who have been grossly affected by the prevailing macroeconomic shocks. To strengthen expenditure control and improve efficiency and effectiveness in public spending, the Government will; rationalize and reduce non-essential expenditure, roll out an end-to-end E-procurement system to maximize value for money and increase transparency in procurement, operationalize the Oublic Investment Management Information System to automate public investment management process, revamp the public service pension administration through digitization and re-engineering of the pension management system, expedite governance reforms targeting state corporations. To strengthen Public Finance Management, the Government will; fast-track the process of transitioning from cash basis to accrual basis of accounting to improve cash management and enhance financial and fiscal reporting and entrench the adopted zero- based budgeting approach while finalizing the financial year 2025/2026 budget estimate to reorient our budgeting and expenditure framework. The Government will also operationalize the asset and inventory management modules in our Integrated Financial Management Information System (IFMIS) for all MDAs. This will enable the Government to have full visibility of all assets and inventory and facilitate optimal assets utilization and ensure idle and unserviceable assets are disposed in conformity with existing legal requirements. Mr. Temporary Speaker, Sir, I want to add that most of these measures that I have already put here are at their advanced stages of implementation. For example, the case of E-procurements, we are onboarding almost all MDAs by the beginning of next month. We are doing a test run all the way to 30th June. By 1st July, all MDAs, including county government, should be all onboarded into the E-procurement system to make efficient, effective our procurement system and realized economy in the procurement. The case of actuarial accounting, my Committee, which is headed by my Principal Secretary, is already implementing it. I delegated that to him and he is doing an excellent job, including on inventory and investment management. Therefore, all these measures that I have pointed out here are already at advanced stages of implementation. They are not thoughts, wish lists or intentions. We are actualizing them. To crowd in private sector in the provision of public services, the Government will scale up use of Public-Private Partnerships (PPPs) framework for commercially viable projects. I know PPP has been scandalized. We are trying to revamp, re-engineer and re-brand it so that Kenyans may appreciate the PPP as an alternative to financing major infrastructural development, which would reduce pressure on our fiscal space. The Government is also piloting a new Human Resource Management System, which will be rolled out to all national government ministries and departments, as well as all county governments, in order to improve the management of the wage bill, including statutory payroll deductions. In view of the constrained fiscal environment, prioritization during resource allocation will be critical in ensuring low-priority expenditures are dropped or deferred to give way to high-priority service delivery programs. MDAs are therefore required to re- evaluate all the existing or planned activities, projects and programs to be funded in The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
}