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Improve quality on budget committee – Business Daily

Members of Parliament follow proceedings as National Treasury Cabinet Secretary Ukur Yatani unveiled the Sh3.3 trillion Budget at parliament buildings on April 7, 2022. PHOTO | JEFF ANGOTE | NMG
The move by MPs to enhance their oversight over the national budget should ideally improve the management of public finances under the incoming administration.
But the reality is that lawmakers have a lot to improve on in their budget oversight if the last five years are anything to go by.
It is on their watch that the government has persistently breached its expenditure targets through numerous supplementary budgets that the MPs have faithfully passed.
It has also been unfortunate that voting on budgetary issues has on many occasions been done along party lines, thus allowing for mischief and misallocation of resources. It is the hope of Kenyans therefore that the lawmakers will use the opportunity being presented by the enhanced quarterly reviews of budgetary expenditure to keep the Treasury on its toes.
For a start, they should ensure that qualified people serve on the budget oversight and finance committees.
The Controller of Budget should also be given real-time access to monitor cash movements in the Exchequer accounts in order to keep a sharper eye on accounting officers who handle public funds.



Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.