Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1254152,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1254152/?format=api",
    "text_counter": 103,
    "type": "speech",
    "speaker_name": "Prof. Njuguna Ndung’u",
    "speaker_title": "The Cabinet Secretary, National Treasury and Economic Planning",
    "speaker": null,
    "content": "successfully implemented under AGPO to enable businesses owned by the target groups to access liquidity promptly. A large number of State corporations rely on the Exchequer funding to service their payroll and other expenses. Over the years, bloated payrolls have remained a huge burden to the Exchequer, resulting in cumulated unserviced statutory obligations and pension liabilities running into billions of Kenya shillings. It has also been established that in most State corporations, a huge proportion of staff compliment comprises support staff and a thin compliment of technical staff, which gravely affects core service delivery. To address this challenge, the State Corporations Advisory Committee (SCAC) will immediately embark on an aggressive programme to rationalise staff establishment to keep it lean and strictly adhere to the 70 per cent technical staff and 30 per cent support staff ratio. In addition, the National Treasury shall henceforth approve budgets for hiring staff solely for State corporations that have received approval from SCAC, PSC and SRC jointly. This requirement is in addition to confirmation of the requisite funding. To support restructuring of State corporations, the Cabinet approved the Privatisation Bill, 2023 that seeks to repeal the Privatisation Act, 2005 and streamline the privatisation processes in order to restructure State-Owned Enterprises (SOEs). This Bill was subsequently submitted to this House in May 2023. The Bill, once enacted, will enable the selected SOEs to achieve their full potential by entrenching commercial principles and reduce their reliance on Exchequer funding. I urge honourable Members to support the Government in this endeavour."
}