The Integrated Financial Management Information System (IFMIS) Department of the National Treasury has developed an electronic system that will monitor how all ministries and state agencies spend funds on a real time basis in a bid to improve the monitoring of budget implementation.
The IFMIS Business Intelligence Dashboard, to be launched in March, will give cabinet and principal secretaries access to a real-time summary of the expenditure made by all state agencies and enable measuring of budget performance against work plans.
The tool, which is expected to significantly improve public funds management in Kenya, will also be cascaded to the counties, giving Governors an efficient way to monitor use of county funds. The National Treasury presented the dashboard to principal secretaries, heads of commissions and accounting officers meeting to review the Bbudget absorption in ministries, departments and government agencies (MDAs).
“The dashboard which runs on an Oracle Business Intelligence platform, will give a real-time graphical representation of allocated budgets, expenditure levels by different ministries, departments and state agencies and expose day to day running of financial activities at a single log in,” said Jerome Ochieng, director IFMIS during the forum.
The dashboard will be used by Cabinet and Principal Secretaries within the national government and governors at the county level. It will give them access to a breakdown of expenditure within departments in ministries with an interactive visual presentation.
The data which can be interrogated through the dashboard includes procurement and payment. The dashboard enables accurate tracing of funds.
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