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{
    "id": 1142442,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1142442/?format=api",
    "text_counter": 208,
    "type": "speech",
    "speaker_name": "Dagoretti South, JP",
    "speaker_title": "Hon. John Kiarie",
    "speaker": {
        "id": 13322,
        "legal_name": "John Kiarie Waweru",
        "slug": "john-kiarie-waweru"
    },
    "content": "The Sinking Fund is a very important instrument in public finance management. Today our country is choking under the weight of debt. We are being told that this country is borrowing close to Kshs2.5 billion every day – monies that if we started to pay today, we will be paying all the way to 2099. That is just the headliner. If we dig deeper, we will find out that even how this debt is being reported could also be in the same manner that we are being told collections are being done by the Kenya Revenue Authority (KRA). It is on record that the National Treasury reported that they have gone over and above the targets they had set in terms of revenue collection. That is the story we are being told. The reality on the ground, however, is extremely different. Currently, the National Treasury cannot honour its obligations to the National Government, the devolved funds in the counties and even to the NG- CDF. We want to know what is happening at the National Treasury such that they are goofing on 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."
}