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{
    "id": 1213812,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1213812/?format=api",
    "text_counter": 183,
    "type": "speech",
    "speaker_name": "Balamabala, JP",
    "speaker_title": "Hon. Abdi Shurie",
    "speaker": null,
    "content": " Hon. Temporary Speaker, I stand guided. Hon. Temporary Speaker, I beg to move the following Motion: THAT, this House adopts the Report of the Public Debt and Privatization Committee on its consideration of the Consolidated Fund Services Expenditures for the Supplementary Estimates No. 1 of 2022/2023, laid on the Table of the House on Tuesday, 21st February 2023. I would like to begin by appreciating the Members of the Public Debt and Privatization Committee for working effortlessly in the execution of their mandate and tabling of this Report. Article 206 of the Kenyan Constitution establishes the Consolidated Fund into which is paid all money raised or received by or on behalf of the national Government. According to the Article, one of the three ways that money may be withdrawn from the Consolidated Fund is if it is a charge against the Fund as authorised by the Constitution. Consolidated Fund Services expenditures therefore is a compilation of these expenditures that are direct charge to the Consolidated Fund and are not included in the Appropriation Bill in Article 221 (7). These expenditures include: Public debt servicing expenditures, pension payments, salaries and allowances for constitutional and independent office holders, among other expenditures. A review of the First Supplementary Estimates for the Financial Year 2022/2023 indicate that the Consolidated Fund Services expenditure will amount to Ksh1.55 trillion having reduced from Ksh1.57 trillion. The specific changes include: 1. Public debt servicing expenditure will reduce from Ksh1.39 trillion to Ksh.I.36 trillion on account of reduced interest payments for cancelled loans; 2. Pension expenditures will increase from Ksh171.8 billion to Ksh172.6 billion on account of increased allocation to the Public Service Superannuation Scheme; and, 3. Guaranteed debt will increase from Ksh2.3 billion to Ksh14.7 billion on account of the principal payment meant for Kenya Airways guaranteed debt. 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."
}