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{
    "id": 74323,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/74323/?format=api",
    "text_counter": 315,
    "type": "speech",
    "speaker_name": "Dr. Khalwale",
    "speaker_title": "",
    "speaker": {
        "id": 170,
        "legal_name": "Bonny Khalwale",
        "slug": "bonny-khalwale"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, I wish to move forward. If the word “clandestine” is making my brother, the hon. Minister, uncomfortable, then we would substitute it with “unclear.” Mr. Temporary Deputy Speaker, Sir, the Committee recommends that the Permanent Secretary, Treasury, should move with speed in ensuring that the Internal Loans Act is reviewed to provide for the approval of domestic borrowing by Parliament to safeguard it from possible abuse by the Government. Mr. Temporary Deputy Speaker, Sir, we also made the fourth observation, which was that auditing of Government entities and value for money audit had issues. We observed that in as much as the Accounting Officers may have properly incurred expenditure as required by Government financial regulations and procedures, the quality of works, goods and services procured were at times grossly unsatisfactory. Consequently, it was necessary that the Kenya National Audit Office (KENAO) also carries out value for money auditing on all Government expenditures as opposed to financial audit alone. This will call for strengthening of the Office of the Controller and Auditor-General and expanding the budget because without value for money auditing we cannot get down to the bottom of corruption in Government, which is the reason today I am faced with a very fat book. In fact, if the fathers of liberation and forefathers of Independence in this country found that only 45 years after Independence audit queries have come to the extent of bringing this kind of book, they would turn in their graves. This is because I had the privilege to look at the first report and it was a little thing. But the grandchildren and sons of the forefathers of Independence have gone on and become so inefficient and interested in corruption that today, we waste public funds trying to get to the bottom of the kind of financial iniquities that they perpetuate. Mr. Temporary Deputy Speaker, Sir, the Committee further observed a conflict between Sections 54 and 56 of the Central Bank of Kenya (CBK) Act, Section 105 of the previous Constitution and Section 229 of the current Constitution of Kenya. We found that whereas the Constitution mandates the Kenya National Audit Office to unconditionally audit all Government entities, the CBK prohibits the office from auditing the bank which is a Government entity unless authorized by the Minister for Finance. The Committee observed that Sections 54 and 56 of the CBK Act were against the spirit of public audit and transparency as captured by the Public Audit Act of 2003. Mr. Temporary Deputy Speaker, Sir, the Committee recommends the following:- 1. The Kenya National Audit Office should expedite the establishment of value for money auditing unit and ensure that value for money audit reports are produced alongside the financial audit reports of every financial year. 2. The Permanent Secretary, Ministry of Finance should take appropriate action to ensure that the CBK Act is reviewed to allow the Kenya National Audit Office to"
}