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{
    "id": 1261849,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1261849/?format=api",
    "text_counter": 202,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "areas. It is also true that much financed infrastructure has not been equitably distributed around the country. That is why we, as a House, have a big and huge responsibility to ensure whatever the public debt being carried by all of us as Kenyans, finances benefits for all Kenyans across the country. It is also true what has been said; that we must take up our role of ensuring there is actual fiscal consolidation as we prepare our budgets and oversee our MDAs of the Government. Fiscal consolidation does not begin with the Budget and Appropriations Committee. It begins with our oversight of MDAs to ensure there is no wastage of public resources so that whatever we save goes towards reducing our public deficit, our fiscal deficit and, consequently, reduce on how much we ought to borrow to finance the operations of the Government. Let me not belabour that point. I urge all of you to support and approve this Committee’s Report, and the Second Reading of this Bill. We have committed, as a budget-making House, and the House with the only Public Debt and Privatisation Committee... The other House does not have a Committee like this. Therefore, Hon. Makali Mulu and Hon. Abdi Shurie have an onerous task of leading that Committee to ensure that even the public debt we get goes towards what we have always said in our Budget and Appropriations Committee reports. That it is debt that is going to financing specific projects. Their Committee has the responsibility to ensure debt goes to finance specific projects. That is the beauty of doing multilateral and bilateral concessionary loans. They come with such conditions - that they must be project-specific, unlike the Eurobond that is not project-specific and goes into a pot where you cannot tell what happened to the money or what it did. With those many remarks, I reply."
}