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{
    "id": 450013,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/450013/?format=api",
    "text_counter": 113,
    "type": "speech",
    "speaker_name": "Mr. Henry Rotich",
    "speaker_title": "The Cabinet Secretary for the National Treasury",
    "speaker": {
        "id": 13142,
        "legal_name": "Henry Rotich",
        "slug": "henry-rotich"
    },
    "content": "Fourth, we will develop and enforce cost benchmarks for all projects and consumables to assure value for money. At the same time, we are strengthening capacity of budget performance and setting a performance benchmark for absorption of development budget of at least 80 percent. Similarly, we will undertake expenditure tracking and value for money audits to ensure accountability and efficiency and effectiveness in the use of public resources at both levels of Governments. As part of efforts to combat waste, the budget allocations for consultancy services, travel and hospitality have been curtailed, which will contribute to savings going foward; and, Fifth, and finally, we are also providing resources and strengthening the institutional capacity of the public finance management oversight agencies, namely, the National Treasury, offices of Controller of Budget and Auditor General as well as the Public Procurement Oversight Authority, to further enhance efficiency, effectiveness, transparency and accountability in the use of public resources."
}