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{
    "id": 683809,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/683809/?format=api",
    "text_counter": 201,
    "type": "speech",
    "speaker_name": "Hon. (Eng.) Gumbo",
    "speaker_title": "",
    "speaker": {
        "id": 24,
        "legal_name": "Nicholas Gumbo",
        "slug": "nicholas-gumbo"
    },
    "content": "That, some Accounting Officers seem not to know their roles. This is a concern and we have discussed it with the Ministry. In fact, some appear to be simply incompetent and in certain cases, outright scared of some departmental heads. There are quite a number who seem not to know what goes on in their respective MDAs. The Committee further recommends that stiff action be taken on Accounting Officers who open bank accounts without express approval of the National Treasury. The PFM Act is clear that no Government entity can open accounts without approval by the National Treasury. This is being flouted and we have seen it in the NYS and the Judiciary. We are recommending that the Research Unit of the National Assembly and the Parliamentary Budget Office (PBO) should take a leading role in reviewing the Attorney- General’s Report with guidelines on the best format for writing and presenting PAC and PIC reports. As a Committee, we feel that we need a national debate on Kenya’s public debt particularly on the silent debts incurred from Government guarantees on independent power producers. The debate should focus on among others, the exact accurate quantum of public debt, date of acquisition of different debts, sources and expected date of retirement with emphasis on the Eurobond, short, medium and long-term bonds and National Treasury Bills, each divided on their own line. We note that debt is not a bad thing. All countries of the world incur debt at one point or another. It is worth noting that some developed countries have a debt-to-Gross Domestic Product (GDP) ratio in excess of 100 per cent, including the United States of America (USA), Japan and France. The concern of the citizenry is not about incurring debts, but how debts incurred on their behalf have contributed to national progress. As a citizen of Kenya, I believe the citizenry would have no problem with debts if they can see all that is acquired contributing to improving their livelihoods. We need a robust national debate on this matter which accurately constructs all the applicable matrixes both on the financing and the appropriation side, so that the citizenry can be satisfied that every instrument 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."
}