During the sensitisation forum, the Auditor-General stressed the need to have sound PFM systems to ensure efficiency and equity in the use of public funds.
“Countries with strong PFM systems are able to provide quality and timely services to the citizens. Weak institutions with weak PFM systems raise the risk of irregular expenditure and loss of revenue, resulting to inefficiency, wastefulness, corruption and fraud. This will impact negatively on economic development and service delivery,” she stated.
Hon Ndindi Nyoro, Chairman of the National Assembly’s Budget and Appropriations Committee, emphasised the importance of institutions working together to achieve common objectives and make our country better.
“We must always, all the time remember that what we do is not an end by itself. We exist because of the people we serve. All of us working for government in one way or another; striving towards shared prosperity,” he remarked.
The Controller of Budget, CPA Dr. Margaret Nyakang’o, said the Tool is a vital instrument for the prudent use of public resources, noting that it is critical for her Office in preparation of guidelines for all implementors of the Budget.
Josephine Mukomba, Executive Officer at African Organisation of English-speaking Supreme Audit Institutions (AFROSAI-E), views the Public Financial Management Reporting Framework Tool (PFM RT) as an instrument that evaluates the extent to which Countries are implementing the Sustainable Development Goals (SDGs).
“When we apply theTool we look at how countries contribute towards the implementation of the SDGs and how they are domesticated in other entities within the countries, “said Ms Mukomba, who has been leading the roll-out of the Tool in the African region.
Mr Kenneth Matiba, Good Financial Advisor, German Development Agency (GIZ), said they will continue supporting effective implementation of the Tool, noting that it speaks to how Supreme Audit Institutions (SAIs) can demonstrate the impact of their work.