All parliamentary appearances
Entries 1491 to 1500 of 4273.
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24 Jul 2019 in Senate:
The Auditor-General is normally an agent of Parliament, and we should see him or her in that light. That, in carrying out the oversight work and the work of the Parliament under the principle of no taxation without representation, the work of that Office is crucial to Parliament. Other than legislation, the most important pillar of Parliament, rather than the overall oversight, is the work we do in managing the finances of Kenya in terms of revenue and expenditure.
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24 Jul 2019 in Senate:
Madam Temporary Speaker, the CPAIC has come up with a Fiduciary Risk Report. We are used to looking at the reports with regard to individual counties. We intend to have an overall look at the performance of all the counties from the point of risks, which if you read the Public Finance Management Act together with the regulations, is an important component of managing the financial sector.
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24 Jul 2019 in Senate:
Madam Temporary Speaker, as I support this Report, the most important thing that must be done by entities which manage or control public finance is to obey the law, The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate.
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24 Jul 2019 in Senate:
as established, beginning with the Constitution. Looking at the executive summary, the Committee has set out the most important pieces of legislation with regard to management of public finances. This begins with the Constitution, the Public Finance Management Act and the Public Procurement and Asset Disposal Act. They have referred to the regulations made under the Public Finance Management Act, the County Government Act, the Public Audit Act, and for purposes which are understandable, the Income Tax Act.
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24 Jul 2019 in Senate:
The statutes mentioned, excluding the Income Tax Act, are the basic law as far as the management of public finance is concerned. Public procurement and management of public finance revenue and the expenditure is underpinned in the Constitution. That cannot be taken lightly. It is important that the Constitution, learning from the past, had to underpin certain aspects of Public Finance Management, to be guided by it and also the issues of Public Procurement and Asset Disposal.
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24 Jul 2019 in Senate:
The other important issue that was constitutionalized more prominently compared to the last Constitution is the issue of public debt. If you look at the whole process of raising revenue, as set out in this statute that the Committee has set out and the whole process of planning, because every county is required to have a five year plan on which all development is based on and revenue directed in accordance with those county plans. Madam Temporary Speaker, there is the issue of budget-making and appropriation. This is because appropriation is not just done at the national level through Parliament, ...
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24 Jul 2019 in Senate:
You will find that even the budget-making process emanates from the Executive. We like saying that in this Constitution, budget-making and the purse are now in the hands of the legislature, both at the National and county levels. This has to be looked at again, because the Constitution and the Public Finance Management Act require the origination of budget-making to come from the Executive, the national level and the Treasury. At the county level, the budget-making process originates from the county treasury. Therefore, whenever this process begins, Parliament is given something that has already been done, and you are just ...
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24 Jul 2019 in Senate:
being the case, it is then very difficult to manage a person who has prepared the budget himself and, at the same, has ensured that that budget is passed as it is. Eventually at the end of the day, you are required to do oversight at the level at which you pretend to be controlling the purse.
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24 Jul 2019 in Senate:
Therefore, Madam Temporary Speaker, we need to come out with new tools to manage this process. One of the tools that is not used effectively is the internal audit. There is risk management under the office of an internal auditor in every county. Consequently, before any expenditure is made, it is supposed to be subjected to that internal audit, which is an independent office that is quite apart from the Treasury. That internal audit is required; both before, during and after, such that risk management is placed at the fore. Sometimes you wonder how a county can end up spending ...
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24 Jul 2019 in Senate:
Madam Temporary Speaker this is, one of the things that if we can manage very well, then the current levels of corruption we are witnessing in the country will cease. I believe that this war against corruption will never be won if all that we hope for is that we catch and punish the thief. We need to build walls that no thieve can go across; and that is why we have these kind of laws. In the country, the emphasis is on catching the thief. However, the thieves that are being caught are one or two per cent of ...
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