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{
    "id": 1117567,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1117567/?format=api",
    "text_counter": 415,
    "type": "speech",
    "speaker_name": "Sen. M. Kajwang'",
    "speaker_title": "",
    "speaker": {
        "id": 13162,
        "legal_name": "Moses Otieno Kajwang'",
        "slug": "moses-otieno-kajwang"
    },
    "content": "Madam Temporary Speaker, I rise to support the report of the Committee on Finance and Budget on Kenya‟s public debt stock. This House had requested the Committee on Finance and Budget to inquire on the status of public stock of debt in Kenya and its implications on Kenya‟s development agenda. What the Committee has given us is a risk assessment report that is meant to keep the House at par with the information from key stakeholders in relation to sustainability of public financial resources available to finance both national and county governments. I know there are those who might think that the subject of public debt should be a preserve of the National Assembly. As long as issues of public debt affect the revenue that is sharable between the national and county governments, it becomes the business of the Senate and the interest of all citizens in this Republic. The Committee on Finance and Budget has made five recommendations on page seven of the report. Among them is to ask the National Treasury to submit certain pieces of legislation and reports to Parliament within six months and provide a status report on structuring of public debt within 28 days. When you look at the mandate that this House gave to the Committee on Finance and Budget and the recommendations that they have made, I think they did a good job, but came up with lazy proposals. The Committee had been tasked not just to give deadlines to the National Treasury. The Committee was tasked to inquire on the implication of debt on Kenya‟s development agenda. That was a subject that could produce volumes of books. It was not just a matter of describing the debt ceiling or where we sit today or describing and transcribing what the various stakeholders said. We"
}