Parliamentary caucus seeks reforms in budgeting process to clip runaway debt - News Summed Up

Parliamentary caucus seeks reforms in budgeting process to clip runaway debt


A Parliamentary caucus has proposed a raft of radical reforms to inject realism and fiscal discipline in the budgeting process and to ensure the national debt remains at sustainable levels. Speaking during a two-day stakeholders engagement forum in Mombasa County this weekend, the Parliamentary Caucus on Economy and Business also rooted for the need to enhance the independence of the national debt office. They also backed the strengthening of budget implementation monitoring and evaluation framework and for the execution of House resolution. "There is a need to keep an eye on Kenya's fiscal policy and debt sustainability. They also urged the Kenya Revenue Authority to employ alternative dispute resolution mechanisms to resolve pending court cases.


Source: The Star February 20, 2021 10:30 UTC



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