Economists, gov’t discuss public finance laws
By Mandela Nelson Denis
A team of economists and government officials discussed public financial management laws for the transformation of the country’s economy.
During a consultative meeting organized by the National Constitutional Amendment Committee, Gichira Kibara, Chairperson of the National Constitutional Amendment Committee (NCAC) said there was a need for economic reforms if the country is to develop.
“There is no development without economic reforms and I urge all the participants to be free and frank because they are representing the country, as we improve the public finance management laws to ensure lasting peace,” said Kibara.
Kibara said the meeting was an opportunity to make real change that will have a positive impact on the country’s economic landscape.
Salvatore Garang Mabiordit, Minister of Finance and Planning urged stakeholders to use the meeting to share views and develop consensus to the reform.
“The international bodies have such as the International Monetary Fund and the World Bank have been on our neck and we are ready to implement the reforms,” said Garang.
Augostino Njoroge, the interim Chairman of RJMEC said the NCAC is mandated under the agreement to carry out reforms in the sector.
“I urge all institutions in the economic and financial sector to participate in the review, it is never easy but I believe it is possible to carry out the reforms with full participation of everyone”, said Njoroge.
NCAC was established under Chapter 1 Article1:18 of the Revitalized Agreement and comprises of representatives from various parties to the Agreement.
The core mandate of the committee is to draft amendments to the Constitution, security laws and other relevant legislations that conforms to the Agreement.