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{
    "id": 1213814,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1213814/?format=api",
    "text_counter": 185,
    "type": "speech",
    "speaker_name": "Balamabala, JP",
    "speaker_title": "Hon. Abdi Shurie",
    "speaker": null,
    "content": "According to the four Supplementary Estimates, public debt servicing will require Ksh1.36 trillion to service its interest and redemption payments by June 2023. Of primary concern is the cost of domestic debt servicing, which accounts for 73 per cent of the total public debt servicing expenditure amounting to Ksh998.7 billion. The Committee notes that Consolidated Funds Services expenditures have remained relatively unchecked and have received minimal oversight in the past. Hon. Temporary Speaker, apart from this being the inaugural Report of this Committee, it is also the first one dedicated to the oversight of the Consolidated Fund Services to be tabled in the House of Parliament in Kenya. It points out the existence of critical gaps and concerns which will require multiple oversight reports and pioneering policy proposals to address."
}