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"id": 1545676,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1545676/?format=api",
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"type": "speech",
"speaker_name": "Sen Tabitha Mutinda",
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"content": "rendered or goods have been delivered. We also deliberated on the issue of the cash basis versus the accrual basis of accounting and the importance of the accrual accounting system. As we speak, counties and the national Government have been using the cash basis system, which brings about the audit queries. With regards to debt, we deliberated on where are we with the debt, how much has been borrowed, how much has been paid, the timelines for payment, interest rates, terms and conditions and what was agreed, because these need to come to light. As I said earlier, there was a committee that the President had proposed last year, which brought a lot of politics. However, the Minister was able to promise the Committee that through the Office of the Auditor-General, this report should be tabled and we should be more informed on the level or how much debt has been borrowed, what is expected to be borrowed, because as we continue doing budgets, we are prospecting, we do not have the actuals, hence the borrowing comes in. However, if you look at borrowing on the positive perspective, our credibility is positive, hence we are able to get the approvals for the loan or we are able to be supported. However, we need to ensure that we prioritize, on the human resource capital. If the human resource is demoralized, and not paid their dues on time, especially when you look at the issues in the health sector, the nation is not able to progress and achieve most of its goals that have been se, in the different dockets. I therefore urge the Members to support our Report. We are behind time, as far as the Budget Policy Statement and the 2025 Medium-Term Debt Management Strategy are concerned. I would like to urge colleagues that before the end of this week, through the able leadership of the Senate Majority Leader, Sen. Aaron Cheruiyot, and his counterpart, Sen. Madzayo, to ensure that we pass these two Motions, otherwise, then we are not within the timelines. I have also informed the House that we are having Public Finance Management (PFM) Act amendments to increase the timeline. Normally, the time is too short, yet this is a very critical issue. Lastly, I would like to mention that, we have noticed also as a Committee that some budgets have been set at the national level, especially the Ministry of Health. More funding has been able to move. If you look at the specific funding, you will realize this is a project that should be done within the county level. With those remarks, I do second."
}