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{
    "id": 643769,
    "url": "http://info.mzalendo.com/api/v0.1/hansard/entries/643769/?format=api",
    "text_counter": 81,
    "type": "speech",
    "speaker_name": "Hon. F.K. Wanyonyi",
    "speaker_title": "",
    "speaker": {
        "id": 2065,
        "legal_name": "Ferdinard Kevin Wanyonyi",
        "slug": "ferdinard-kevin-wanyonyi"
    },
    "content": "On roads maintenance, they are saying that they are allocating an equitable share at a growth rate of 7.8 per cent. Maybe there is no growth in my county because we are allocating Kshs4.3 million on the basis of the growth of a county. I do not understand that. I think it is misplaced. During the last regime of His Excellency Mwai Kibaki, I never heard of the International Monetary Fund (IMF) and World Bank. The current Government has borrowed so much on mega projects. When it comes to public-related costs, I am a worried person because I have been warned by economists that in the next three years, we will be paying these debts through our noses. The Division of Revenue Bill states that we are shifting from a more expensive borrowing internationally to a cheaper one. I thought if we are borrowing at a lower interest rate, then it would be cheaper but what is proposed in this Bill is that we are paying more, almost Kshs4 billion. As a parent expecting grandchildren, I am afraid we will have more problems in future. I am afraid we are going to have problems because we are mortgaging this country beyond our means. Let us live within our means. We were very comfortable with the previous Government. This Government is borrowing beyond its ability to repay. Therefore, I am not happy. To me, the public-debts related redemptions and interest rates speak volumes. They are mortgaging our grandchildren and the future generation of this country. This must be looked into. Let us generate money from within. That is what retired President Kibaki did. We got money from within. He increased taxes. The Income Tax was increased and we had nice funding. We are borrowing left, right and centre and paying through our nose. I am disappointed. I have no problem on item no. 1 but this House should discuss the modality of the National Youth Service (NYS). We should move these funds to the security sector because I do not understand what NYS is doing. From what we have seen, there is corruption in that Ministry. Whoever comes will learn from the previous holder of the office. Therefore, I think this money is misplaced. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}