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{
    "id": 1591187,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1591187/?format=api",
    "text_counter": 173,
    "type": "speech",
    "speaker_name": "Hon. John Mbadi",
    "speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
    "speaker": null,
    "content": "liabilities. The migration to the TSA is progressing well. CBK is scheduled to go live with its T24 system upgrade in July 2025. This upgraded platform will support the implementation of TSA core functionalities and facilitate The National Treasury to roll out the key elements of the TSA system. Concurrently, The National Treasury is on track to on-board county governments in 2026. The final phase will involve integrating all remaining national government entities into the TSA by the 2026/2027 Financial Year. To re-orient the budgeting and expenditure framework, the government adopted the zero-based budgeting approach while finalising the 2025/2026 Financial Year Budget. To implement this approach, The National Treasury developed a budget-costing tool that was integrated into IFMIS Budget Module for the national government. The zero-based budgeting approach compels all MDAs to justify expenditures from scratch, thus ensuring resources are allocated to high-impact activities. It promotes transparency and efficiency by requiring clear justification and critical assessment of spending. Hon. Speaker, I know this Statement is long. By the way, Kenya is not a small economy; we are number six in Africa and we have jumped over Ethiopia. So, you cannot have a three- page statement for an economy as big as Kenya."
}