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{
"id": 1592972,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1592972/?format=api",
"text_counter": 440,
"type": "speech",
"speaker_name": "Balambala, JP",
"speaker_title": "Hon. Abdi Shurie",
"speaker": null,
"content": "(b) Should formulate enforcement mechanism to ensure timely repayments and reduce the risk of defaults by institutions benefiting from government financial support. 5. The National Treasury should adopt and enforce performance-based benchmarks and disbursement-readiness protocols to prevent the accumulation of undrawn external loans, which continue to attract costly commitment fees. No new loan agreement should be executed without full compliance with the performance-based benchmarks and disbursement-readiness protocols. 6. To reduce reliance on debt and enhance access to alternative financing, the National Treasury should, within 60 days of adoption of this Report, develop and publish a comprehensive national strategy for mobilising non-debt financial resources, including grants, climate finance and other concessional funding."
},
{
"id": 1592973,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1592973/?format=api",
"text_counter": 441,
"type": "speech",
"speaker_name": "Balambala, JP",
"speaker_title": "Hon. Abdi Shurie",
"speaker": null,
"content": "This Report is not only a reflection of the current fiscal pressures; it is also a call to action. With coordinated effort, strengthened institutions and adherence to fiscal discipline, Kenya can navigate the present constraints and lay a firmer foundation for inclusive and resilient economic growth."
},
{
"id": 1592974,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1592974/?format=api",
"text_counter": 442,
"type": "speech",
"speaker_name": "Balambala, JP",
"speaker_title": "Hon. Abdi Shurie",
"speaker": null,
"content": "Hon. Deputy Speaker, with that, I beg to move and request Hon. Irene, the Vice-Chair of the Committee, to second. I thank you."
},
{
"id": 1592975,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1592975/?format=api",
"text_counter": 443,
"type": "speech",
"speaker_name": "Hon. Deputy Speaker.",
"speaker_title": "",
"speaker": null,
"content": "Please proceed."
},
{
"id": 1592976,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1592976/?format=api",
"text_counter": 444,
"type": "speech",
"speaker_name": "Bahati, UDA",
"speaker_title": "Hon. Irene Njoki",
"speaker": null,
"content": " Thank you, Hon. Deputy Speaker. I rise to second the Motion as ably moved by our Chairperson. The Report before us is a product of careful analysis, guided by our constitutional obligation to provide oversight over public finances including discretionary expenditures that are not subject to annual appropriation. I commend the Chairperson and members of the Committee for the rigorous scrutiny applied to these Estimates."
},
{
"id": 1592977,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1592977/?format=api",
"text_counter": 445,
"type": "speech",
"speaker_name": "Bahati, UDA",
"speaker_title": "Hon. Irene Njoki",
"speaker": null,
"content": "This year’s CFS allocation stands at Ksh2.14 trillion, a slight reduction from the previous year’s Ksh2.2 trillion, largely due to a decline in debt service costs. This presents a small but strategic window for fiscal relief, which should be used wisely to ease liquidity pressures and boost priority development investments. Public debt service, at Ksh1.9 trillion, remains the single largest expenditure, constituting 89 per cent of the CFS. While the decline in service cost is welcome, it is temporary. The underlying growth in debt stock still poses a long-term risk to fiscal sustainability."
},
{
"id": 1592978,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1592978/?format=api",
"text_counter": 446,
"type": "speech",
"speaker_name": "Bahati, UDA",
"speaker_title": "Hon. Irene Njoki",
"speaker": null,
"content": "The Committee’s recommendations, including reforms in fast-tracking the establishment of the Treasury Single Account, timely pension disbursement and strengthened control over counterpart funding, are aimed at improving fiscal efficiency, liquidity, and credibility. Further, we support calls for diversifying our fiscal deficit financing options by tapping into non-debt sources such as grants, public-private partnerships and climate finance to reduce the cost of debt service. Kenya’s development path must not be derailed by overreliance on expensive debt."
},
{
"id": 1592979,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1592979/?format=api",
"text_counter": 447,
"type": "speech",
"speaker_name": "Bahati, UDA",
"speaker_title": "Hon. Irene Njoki",
"speaker": null,
"content": "In conclusion, this Report lays out a clear path to strengthen fiscal governance and reduce structural rigidities that undermine Budget execution. I urge this House to adopt the Committee’s recommendations. With those few remarks, I second."
},
{
"id": 1592980,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1592980/?format=api",
"text_counter": 448,
"type": "scene",
"speaker_name": "",
"speaker_title": "",
"speaker": null,
"content": "(Question proposed)"
},
{
"id": 1592981,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1592981/?format=api",
"text_counter": 449,
"type": "speech",
"speaker_name": "Hon. Deputy Speaker",
"speaker_title": "",
"speaker": null,
"content": "Members who want to contribute, please press the intervention button. I will give a chance to Hon. Kwenya."
}
]
}