Parliamentary oversight on government critical for debt management and accountability

Episode 2736,   May 15, 12:40 PM

Economic analyst James Boboya says the passing of the Public Financial Accountability 2011, Amendment Bill will be a huge step toward ensuring proper use of resources in the country. The bill will ensure that all loans are approved by Parliament. Mr. Boboya says over 2 billion worth of loans are unacconted for due to lack of proper debt data management. He says once the bills is passed, there will be changes as long as the mandate of the parliament is not interfered with.