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{
    "id": 1222203,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1222203/?format=api",
    "text_counter": 271,
    "type": "speech",
    "speaker_name": "Homa Bay Town, ODM",
    "speaker_title": "Hon. Peter Kaluma",
    "speaker": null,
    "content": " I thank you, Hon. Temporary Speaker for the opportunity. I would like to thank the Committee on Public Debt and Privatization for the good work they are already doing. I think this is the second Report being tabled by this Committee in barely three weeks. What I would request is that we move from the idea of recommendations, even as we commend Hon. Shurie and his Committee, to a situation where we can have a law that consolidates these beautiful recommendations by his Committee. That way, we will be very far as a nation. Hon. Temporary Speaker, in that law, if I were to look at it with regard to the good recommendations, we should first ask ourselves whether we need debts. Do we need a debt? When President Mwai Kibaki took over the reins of power, it was at a time when our economy was not doing very well. If you can recall what that regime did, particularly under the coalition Government, they reduced the Budget from several trillions to Ksh1 trillion. As a matter of fact, Kibaki started at approximately Ksh900 billion and therefore we were living within our means. What we did in the UhuRuto regime which ended in August 2022, is that we moved from Ksh1.1 trillion to Ksh1.5 trillion and before we knew it, we were stuck at Ksh3 trillion. Currently we are discussing the Budget Policy Statement and if you look at it, the things being proposed before us are not things we should be budgeting for. We are budgeting for luxuries we cannot fund instead of needs which will lead us into seeking loans. The point I am making is that we take debts to fund corruption and this is organized from the point of budgeting. We 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."
}