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{
    "id": 1261804,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1261804/?format=api",
    "text_counter": 157,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "The deficits that we budget for informs how much more debt we are adding to our national public debt. Even as we debated the Finance Bill in the last few days, during the Second Reading many Members said that we committed to moving away from sinking deeper into the pit of public debt. The surest way of achieving this is to have a clear liability management system. I am glad that the National Treasury, in their engagement with the Committee, has indicated that they are embarking on a robust liability management programme which will ensure that there is a fiscal consolidation that you cannot only feel but touch. We talk about fiscal consolidation but we never get to actualise it to ensure that we are cutting on unnecessary expenditures in the Government. As I said, the Budget and Appropriations Committee and the Public Debt and Privatisation Committee have their work cut out for them to ensure that whatever deficits we have in our Budget books are at a level that is manageable and sustainable, and that the liability management programme is actualised."
}