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{
    "id": 1076650,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1076650/?format=api",
    "text_counter": 395,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Hon. Deputy Speaker, by end of March 2021, the public and public guaranteed stock of debt amounted to Kshs7.34 trillion, representing 82 per cent of the Kshs9 trillion national debt ceiling. The Committee is concerned that the Financial Year 2021/2022 Budget may not be implementable if the debt ceiling is not adjusted. The Committee is concerned that the increase in CFS expenditure is contributing to growing budget inflexibility. In the Financial Year 2021/2022, it is estimated CFS will account for about 43 per cent of the total annual budget and 65 per cent of the total revenue collected with the fiscal constraint worsening in the outer years. Indeed, a five-year review indicates that by the Financial Year 2021/2022, the CFS will have increased by over 150 per cent in absolute terms. Since financial year…"
}