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{
    "id": 550524,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/550524/?format=api",
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    "content": "Madam Temporary Speaker, I wish to move this Motion, and in doing so, state that the Sessional Committee on Delegated Legislation, together with the Committee on Finance, Commerce and Budget of the Senate considered these regulations. The draft regulations were submitted to the Senate by the National Treasury on 13th March, 2015. These regulations are: The Public Finance Management (National Government) Regulations, 2015, the Public Finance Management (County Government) Regulations, 2015 and the Legal Notice on the declaration of national Government. Though they were submitted jointly, we separated them courtesy of the advice of the Speaker so that we can proceed in a systematic manner. Madam Temporary Speaker, the regulations with regard to the Public Finance Management (National Government) Regulations, has the following purposes:- (1) To provide a means for administering the powers vested on the Cabinet Secretary (CS) of the national Treasury under the Constitution, the Act and any other related legislation. The regulations give the power to administer this Act to the Cabinet Secretary. (2) To provide a harmonized and standardized way of applying the governance service in controlling and managing finances. Madam Temporary Speaker, we need to have a harmonized and standardized application of the management of finances in this country. These regulations seek to provide that. Again, it sets out the standardized financial management system to be used in the Government service which is capable of producing accurate and reliable accounts free from errors, fraud and the likes. (3) To provide for the conduct of fiscal relations between the national and county governments. (4) To ensure accountability, transparency and effective economic and efficient collection and utilization of resources. Madam Temporary Speaker, these regulations are fairly technical. In terms of the guidance we received from the Speaker, we engaged jointly with Members of the Standing Committee on Finance, Commerce and Budget, so that we can engage ourselves on these regulations and take them through. We will be taking very little time on moving this Motion because we have detailed amendments to provide and make so that we can finalise this process. I also wish to bring to the attention of this Senate that these regulations have a deadline of tomorrow. Therefore, we have a long day ahead of us tomorrow to deal with the details of the amendments. We want to appreciate the Cabinet Secretary for the National Treasury for generating fairly elaborate regulations. As a Senate, we will continue to engage and do our role. The transmission of these regulations was pursuant to the Public Finance Management (PFM) Act, Section 206 which provides that these regulations must be approved by this House before they become effective. The same Act provides that this has to be done within 15 sitting days. Those days will lapse tomorrow. That is why we need to finalise the process and ensure that we have the necessary amendments to these regulations. The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}