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{
    "id": 1169588,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1169588/?format=api",
    "text_counter": 217,
    "type": "speech",
    "speaker_name": "Sen. Cherargei",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "Thank you Madam Temporary Speaker. The issue of the Principles and Framework of Public Finance as envisaged under Article 12 of the Constitution is very clear. Article 201 on the Principles of Public Finance, one of them sets the principles to guide all aspects of public finance in the Republic. The key one is that there should be openness and accountability, including public participation in financial matters. Madam Temporary Speaker, there is low confidence among Kenyans on the management of public debt. Kenyans do not have confidence because the managers at the National Treasury and the Government have not done due diligence to inform Kenyans as to why we were raising the public debt to Kshs9trillion in 2019 and we are now moving it to Kshs10 trillion. I remember some seven gallant Senators, and I voted against raising the public debt ceiling at that time. We need to be honest in terms of the confidence. I have looked at the Report. Under Article 203 on equitable share and other financial laws, Article 203 (1) (b) says- “(1) The following criteria shall be taken into account in determining the equitable shares provided for under Article 202 and in all national legislation concerning county government enacted in terms of this Chapter— (b) any provision that must be made in respect of the public debt and other national obligations.” The Government has not been fair enough to inform Kenyans on public debt management. That confidence has not been given to Kenyans. Even as we debate as a Senate on raising the public debt to Kshs10trillion, we do not have the confidence of Kenyans."
}