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{
    "id": 778105,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/778105/?format=api",
    "text_counter": 184,
    "type": "speech",
    "speaker_name": "Hon. Ichung’wah",
    "speaker_title": "",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "Thank you, Hon. Speaker. On that note, let me begin by congratulating those chairs and vice-chairs who have taken their time to be here, and encourage chairs of other departmental committees to also join. On behalf of the members of BAC, and as required under Section 25(7) of the Public Finance Management Act, 2012 as well as our Standing Order 232(7), it is my great pleasure that I present to this House the committee’s report on the BPS 2018 and the medium-term debt management strategy for the Financial Year 2018/2019 and the medium term. This is the first BPS prepared under the second term of the Jubilee administration, and more so at the commencement of the third medium-term plan (MTP3) of the Kenya Vision 2030. It builds on the five pillars of the economic transformation agenda and achievements of the Government over the last five years and sets the pace for key policies, priority programmes and reforms which will be implemented over the next five years, that is 2018-2022, to enhance job creation and improve the quality of life of Kenyans at large. The Committee is concerned that MTP3, which comprises the loan development programme to help achieve the Vision 2030 in a timely manner and whose policies should inform the BPS and underline the implementation of the big four plan, has not yet been released. This makes it more difficult for us as a House to ensure that the policies underpinning the next Budget are informed by the national agenda through the MTP3. The format and content of the BPS should be in line with the provisions of various relevant legal instruments, such as the Public Finance Management Act, 2012, the PFM Regulations, 2015, and our Standing Orders. In reviewing the BPS, the Committee established that to a large extent the 2018 BPS has complied with the provisions of the law and has provided most of the required information. However, there were concerns with regard to some information not being provided. In particular, the Committee observed that contrary to provisions of the law and in support of efficient planning and budgeting, the BPS should have included a list of all the projects, giving details of their financing as well as a list of all pending bills. Regulation 27(1)(f), which provides that a summary of programmes that are of national interest for the following The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}