All parliamentary appearances
Entries 14691 to 14700 of 17799.
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12 Mar 2014 in National Assembly:
Hon. Temporary Deputy Speaker, from the outset I am a very sad man and I want to set the record straight as a person who sits in the House Business Committee (HBC), that this Report was tabled 14 days ago and the HBC, through the intervention by the Chair of the Public Accounts Committee (PAC), made sure that it was given priority.
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12 Mar 2014 in National Assembly:
Either it is the Executive or Parliament that is failing the people of Kenya, because we cannot be discussing PAC’s Report for the year 2008/2009. We are talking of the 2014/2015 Budget-making process. This will have serious implications on the kind of resources that we allocate to the county governments.
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12 Mar 2014 in National Assembly:
Hon. Temporary Deputy Speaker, however, I will not talk very much about this Report for one fundamental reason: This 2008/2009 Report, in my opinion, has been overtaken by events. Why do I say so? The Constitution of Kenya 2010 has introduced fundamental and serious reforms in the public finance management of our country; I am sure this is through the creation of independent offices – Article 218 creates the Controller of Budget and Article 219 creates the office of the Auditor-General. That Constitution gave our country serious reforms; if these reforms are implemented in the Government of Kenya accounts for ...
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12 Mar 2014 in National Assembly:
Hon. Temporary Deputy Speaker, the common denominator in these Reports page by page and Ministry by Ministry is powers to rein in errant accounting officers, failure to settle bills, distortion of financial statements and timely payment of Government pending bills. That is why I even decided not to read the whole Report. It talks about external report policy but after the 2010 Constitution and the serious reforms that took place in the management of the public finance in our country, no accounting officer can repeat what the reforms sector has overruled. These are the safeguard measures in the utilisation of ...
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12 Mar 2014 in National Assembly:
Hon. Temporary Deputy Speaker, I want to start with one of the key reforms in the Public Finance Management Act. It governs operations of both the national Government and the county governments; I am sure my very good friend, who served as an accounting officer, Dr. Nyikal, will agree with me. What was supposed to be done by the essence of that reform was the creation of a Treasury single account, which was to be a guide in Budget preparation. It was supposed to create Treasury’s single account to regulate reporting to Parliament. There was serious consultation under that reform. ...
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12 Mar 2014 in National Assembly:
Hon. Temporary Deputy Speaker, this Treasury single account, when I look at it and analyze it was the only reform accounting officers and the Government could use to reduce the cost of borrowing and increase transparency within public finances. The other very important reform that was introduced in Public Finance Management Act (PFM) is the famous implementation of the Integrated Financial Management Information System (IFMIS) in all our Ministries. I know it is very hard to teach a new system to people who are used to corruption, people who are used to wastage. IFMIS was supposed to bring sanity and ...
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12 Mar 2014 in National Assembly:
Government entities. It was to do reconciliation between revenue and expenditure. It is only IFMIS that can give you a statement of Government finances, the position, and this is what is in the private sector.
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12 Mar 2014 in National Assembly:
Before you even go to a procurement entity, you must get one stop financial position of that entity. IFMIS provided that. Even the enactment of the new Constitution provided new PFM institutions. We even created institutions in the 2010 Constitution; an independent Auditor-General’s Office and an independent institution called the Commission on Revenue Allocation (CRA) for allocation of revenue between the county and national Governments. We also created an independent Controller of Budget, who will look at what goes into the system, and what you need to budget. The Controller of Budget must approve your budget and you must follow ...
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12 Mar 2014 in National Assembly:
If these reforms, which came with the new Constitution are used then we will get timely reports to Parliament. The enactment of the PFM Act, 2012 comprehensively covered all aspects of PFM. There was a very key reform that was introduced by the Constitution to the PFM Act of 2012 termed the establishment of the Public Sector Accounting Board (PSAB). This Board was to set standards for efficient financial reporting by all public institutions. This is a hallmark. In any public financial institution, systems of reporting must be within this established institution called the PSAB. There is a serious reform ...
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12 Mar 2014 in National Assembly:
Hon. Temporary Deputy Speaker, serious training was done in areas of PFM. I want to confirm also that today, as a country, we are proud of the first establishment of an IFMIS academy at the Kenya School of Government (KSG); this is value addition to the Kenyan public sector and even to our neighbours in the region as countries want to come and learn from us.We want to believe that the creation of the CRA, the Office of the Controller of Budget, the enactment of the PFM Act, 2012 cover comprehensively all these areas; the re-engineering of the IFMIS as ...
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