Parliamentary Oversight Role for Prudent Public Debt Management Policy Brief

01 Policy Brief Parliamentary Oversight Role for Prudent Public Debt Management Summary of the findings Summary of the findings: Majority of MPs (60.1%) who participated Recommendations and policy options: the policy brief in the trainings demonstrated great understanding of the parliament provides the recommendations on how to enhance the active oversight role towards public debt management and t. [...] To contribute to the policy debate and discussions leading to prudent debt management, Parliamentarians needed to be trained to improve on their capacity to scrutinize public debt management issues and to make informed policies and decisions about public debt management such as Public Debt and Debt Transparency, Responsible borrowing in the context of COVID 19 including the strategies for managing. [...] This is supported assessment of by the findings from the evaluation which revealed that 85.7% of the Parliamentarians have the ability to use reports and monitor governments’ adherence to regional protocols on finance and investment evidence on and more than 90% of the Parliamentarians are versed with knowledge and information required for Uptake of Skills the review on budgeting cycles and approv. [...] A case in point is the East African Community Surveillance, Compliance and Enforcement Commission Bill, 2022 that provides for the establishment of the East African Community Surveillance, Compliance and Enforcement Commission pursuant to Article 21(b) of the Protocol on the Establishment of the East African Monetary Union; to provide for the functions, powers and governance structure for the Comm. [...] This should include but not limited finance and debt to the public debt plan, adherence to the fiscal targets and some of the regional targets, adherence to the parliamentary processes / procedures of public debt contracting and issues oversight.