31 May 2022 in National Assembly:
Yes, Hon. Speaker.
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31 May 2022 in National Assembly:
I am most obliged, Hon. Speaker. Most likely on Thursday because they require very extensive public participation.
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31 May 2022 in National Assembly:
Yes, Hon. Speaker.
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31 May 2022 in National Assembly:
We have work to do. Thank you, Hon. Temporary Deputy Speaker. I beg to move that the Prompt Payment Bill (National Assembly Bill, No. 16 of 2021) which is also a Senate Bill, be now read a Second Time. Hon. Temporary Deputy Speaker, this Bill emanated from the Senate and we have held discussions on it as a Committee and we also tabled a report, which I urge all Members to get a copy from the Table office. This is a very short Bill with 11 clauses. It seeks to set out the prescribed dates for payment of a supplier ...
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31 May 2022 in National Assembly:
Hon. Temporary Deputy Speaker, it is known in this country that procurement officers, clerks and accountants will demand extra favours other than what is in an agreement to fast-track payments for suppliers or for contracts that have been already delivered. It is important that these officers should not be holding contractors and suppliers at ransom requiring them to pay something aside so that they can fast-track payments. It is in that spirit that sanctions have been mounted in this Bill so that they can suffer those consequences.
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31 May 2022 in National Assembly:
Most stakeholders supported the principal objective of the Bill, which is to ensure prompt payment of suppliers of goods and services to Ministries, Departments and Agencies (MDAs). Stakeholders observed that this proposal will increase the liquidity of companies, suppliers and contractors who are mostly small and medium enterprises (SMEs). It will make it possible for the businesses to expand and contribute to their credit worthiness. It will also reduce their cost of borrowing and the reputational risks associated with borrowing.
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31 May 2022 in National Assembly:
The National Treasury, of course, was opposed to the Bill on grounds that the amendments proposed were already covered in the Public Procurement and Assets Disposal Act, 2015 and the Public Procurement and Assets Disposal Regulations of 2020. However, the truth is that even as these public finance management laws exist, contractors and suppliers continue to suffer at the hands of procurement officers who hold their payments.
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31 May 2022 in National Assembly:
Stakeholders raised concern on the introduction of offences by accounting officers who may not be responsible for the delayed payment of bills owed to suppliers by MDAs. They argued that failure to pay suppliers promptly is occasioned by delays in Exchequer releases by the National Treasury. They also argued that payment of interest on the money owed to suppliers will strain the already strained public resources. I will give the details of the stakeholders’ submissions later. All the stakeholders’ comments were considered in the determination of the Committee’s proposed amendments. Some of the stakeholders’ proposals were adopted and form part ...
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31 May 2022 in National Assembly:
While considering the Bill, the Committee observed that the enactment of the Bill will ensure suppliers of goods and services to MDAs are paid on time hence making it easy for them to plan their work and to secure goods and services in good time and in a timely way which will result in the growth of the country’s economy.
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31 May 2022 in National Assembly:
We have proposed a few amendments, which we will debate at the Committee Stage. I request our colleagues to support us when we go through the Bill clause by clause. I wish to recognise the part played by our officers in the Office of the Clerk of the National Assembly and for the logistical and technical support accorded to us during our sittings. This Committee further wishes to thank all stakeholders who submitted their comments on the Bill.
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