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{
    "id": 683778,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/683778/?format=api",
    "text_counter": 170,
    "type": "speech",
    "speaker_name": "Hon. (Eng.) Gumbo",
    "speaker_title": "",
    "speaker": {
        "id": 24,
        "legal_name": "Nicholas Gumbo",
        "slug": "nicholas-gumbo"
    },
    "content": "the Cabinet Secretary responsible for matters relating to intergovernmental relations”. Section 12(2) provides that:- “(2) The National Treasury shall have the following functions, in addition to those in subsection (1)— (a) promote transparency, effective management and accountability with regard to public finances in the national Government; (b) ensure proper management and control of, and accounting for finances of the national Government and its entities in order to promote the efficient and effective use of budgetary resources at the national level; (c) co-ordinate the preparation of annual appropriation accounts and other statutory financial reports by the national government and its entities; (d) prepare national estimates of revenue of national government and co- ordinate the preparation of budget of the national Government; (e) consolidate reports of annual appropriation accounts and other financial statements of the national government and county governments and their entities; (f) Report every four months to the National Assembly on the implementation of the annual national budget on areas not reported on by the Controller of Budget; (g) be the custodian of an inventory of national Government assets except as may be provided by other legislation or the Constitution”. Hon. Speaker, this is a very important point that we noted. In all the MDAs that appeared before us, hardly half a dozen have credible and reliable asset registers as required by law. Section 12(2) gives further functions of the National Treasury as:- (h) monitor the management of the finances of public enterprises and investments by the national government and its entities; (i) monitor the financial aspects of risk management strategies and governance structures for the national Government and national government entities; (j) monitor the financial performance of state corporations; and, (k) issue guidelines to national government entities with respect to financial matters and monitoring their implementation and compliance”. Section 12(3) provides that the National Treasury shall take such other action not inconsistent with the Constitution, as will further the implementation of this Act. Similarly Section 13 on the Powers of the National Treasury states as follows:- “(1)The Cabinet Secretary may generally give the National Treasury such powers as are necessary to facilitate the Cabinet Secretary and the national government to exercise their powers in the Constitution and in particular the National Treasury may do all or any of the following- (a) with prior notification to the entity, access any system of public financial management and control of national government entity; The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}