IMF issues update on planned audit of Ruto government
The International Monetary Fund (IMF) has revealed that a team of experts will soon be dispatched to Kenya to conduct aa audit of the government and its agencies
The International Monetary Fund (IMF) has revealed that a team of experts will soon be dispatched to Kenya to conduct aa audit of the government and its agencies.
Speaking during a press briefing on Friday, October 25, Abebe Aemro Selassie, IMF’s Director of the African Department, detailed that the exercise will see the team examine the use of public resources.
Through this exercise, the team will identify the weaknesses and strengths of the country’s public accounts.
Consequently, recommendations will be made to the government on ways to enhance transparency and efficiency in the utilization of public resources.
“The diagnostic assessment that the Kenya government has requested, we strongly welcome. We will be sending a team out to basically, you know, see what areas of weaknesses, strengths Kenya has relative to other countries in terms of, you know, how public accounts are accounted for,” the official stated.
“And, you know, we’re looking forward to working with the government in a very constructive way and providing some ideas, some thoughts on what could be done.”
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Meanwhile, the official also acknowledged that President William Ruto’s government was keen on undertaking various tax reforms to raise revenue for its programmes.
Selassie noted that such initiatives would be implemented effectively through proper communication and transparency in the use of resources.
“Our experience and I think this is also common sense, is that government, you know, people’s willingness to pay more taxes is directly correlated to assurances that the resources are being used effectively and transparently,” he stated.
“So, I think promoting transparency, showing to what purpose government resources are being used in a in much more effective way than has been the case would help in the long run effort to generate tax revenue.”
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