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{
    "id": 1076652,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1076652/?format=api",
    "text_counter": 397,
    "type": "speech",
    "speaker_name": "Kieni, JP",
    "speaker_title": "Hon. Kanini Kega",
    "speaker": {
        "id": 1813,
        "legal_name": "James Mathenge Kanini Kega",
        "slug": "james-mathenge-kanini-kega"
    },
    "content": " Hon. Deputy Speaker, I am just about to conclude. Thank you so much. There is a concern over the growing pension obligations which is attributed to many years of non-implementation of contributory pension plans. In the Financial Year 2021/2022, the financial obligations are estimated to be Kshs153.6 trillion. As I conclude, I want to highlight a few policy recommendations. The National Treasury should set up a fund that may be financed through a long-term bond for the payment of the existing verified pending bills and court awards. The funds should be in place by 1st October 2021. Specifically, there should be an infrastructure bond. There are so many pending bills in the Ministry of Transport and Infrastructure Development. If that is done, definitely we will offset some of the debts that we have. We have also indicated that a debt is a debt, whether it is foreign or locally owed to a contractor. They should all be treated the same. On the financial recommendations because of the constraints of time…After extensive deliberations, the Committee recommends that Kshs1.2 billion be set aside to fund projects arising from public hearings. This expenditure should also be domiciled under specific ministries. On the financial recommendations, the Budget and Appropriations Committee received substantial additional requests from departmental committees amounting to Kshs85. 7 billion to meet various expenditure shortfalls. However, due to the prevailing resource constraints and need to contain the fiscal deficit within a certain limit, the Committee could not finance most of these recommendations. However, we have agreed with most of the reallocations that were done within the Committee. The Committee, therefore, resolves that a reduction of Kshs20.328 billion be effected from the votes and programmes as shown in Schedule I and II and as per the justifications provided. Additionally, that the same amount be increased in the votes as shown in Schedule I and II. The allocation for Parliament will be capped at Kshs37.882 billion. We also had requests from Parliament but due to the fiscal constraints, they could not be acceded to. The third one is the allocation to the Judiciary which will be capped at Kshs17.833 billion. Hon. Deputy Speaker, I beg to move. 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."
}