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{
    "id": 1222179,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1222179/?format=api",
    "text_counter": 247,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": " Thank you for this opportunity. Allow me to, first, thank the Public Debt and Privatisation Committee, under the chairmanship of Hon. Abdi Shurie and the Vice-Chairmanship of Hon. Makali. Members, you will note this is the second Report this Committee has churned out within a very short time. It tells you that these Members are very committed in their work, being a new Committee of this House. I just want to take this opportunity to commend them for preparing this Report. You see the wisdom that was in this House during the 12th Parliament when we separated the Budget and Appropriations Committee and the Public Debt and Privatisation Committee, to be two separate Committees. Indeed, the timing of this Report is testament to that wisdom of the House then—to ensure debt management strategy comes before the Budget Policy Statement. That is so that it informs how we prepare our Budget Policy Statement and consequently the Annual Estimates that will be coming before the House towards the end of April. If you look through some of the recommendations by the Committee, especially on policy resolution, I would want to express my satisfaction with many resolutions and indeed support this Report. Particularly when you look at undisbursed loans that my brother Hon. Robert Mbui was speaking about. It is indeed true that in the past we have seen governments make commitments of insurance and commitment fees, and those loans remain in our books. If you look at the Committee’s Report, they are telling us that an amount of Ksh.1.79 trillion lies in our books as undisbursed loans. I am very happy with the recommendation that the National Treasury submits to the National Assembly, within one month, a Report with information on terms, the status, reasons for non-disbursement and proposals on loans that can be cancelled to save spending on commitment fees. 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."
}