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{
    "id": 1117606,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1117606/?format=api",
    "text_counter": 454,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "feasibility study on whatever projects we undertake, so that there is good value for money. This Report recommends that the National Treasury should publish, every three months, a comprehensive debt serving expenditure. That will help people to see what we are investing in and bring about more transparency. In case of divergence of opinions, Kenyans can have an opportunity to question. This Report also recommends that the National Treasury should desist from undertaking projects or entering into a loan agreement that leads to payment of commitment fees. If we do that, we can save more money to pay the debts or implement more projects. This Report further recommends that the Committee on Finance of the National Assembly and the Senate‟s Committee on Finance and Budget should work together. Although Article 110 of the Constitution stops us from discussing money Bills, the Senate‟s Committee on Finance and Budget has a lot of ideas, which it cannot act upon due to constitutional restrictions. If the Finance Committees of both Houses came together, Kenya would benefit from the great ideas of the Senate‟s Committee on Finance and Budget. Since the National Assembly has the powers, they can then come up with legislations that would help the country to move forward. Our Committee has also made a recommendation to the Office of the Auditor- General to do an audit of what has been invested. We sometimes say that money has not been spent wisely. However, if a proper value for money audit is done, Kenyans will understand more of what happens. The Committee on Finance and Budget has also recommended that since we have constrained physical space, we should ensure that we prioritize projects that have a greater impact. This Report has very good recommendations that if followed and implemented, they will have a greater impact in terms of how we manage our debt and ensure that future investments are done very well. Madam Temporary Speaker, I thank you."
}