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{
    "id": 1266688,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1266688/?format=api",
    "text_counter": 288,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM",
    "speaker_title": "Hon. (Dr) Makali Mulu",
    "speaker": null,
    "content": "Hon. Temporary Speaker, the second item is pensions expenditure which will amount to Ksh189.09 billion in the Financial Year 2023//2024. This is an increase of about Ksh16.45 billion. This is mainly attributed to an increase in ordinary pension payments to 91.23 billion in the Financial Year 2023/2024 from Ksh82.93 billion in the Financial Year 2022/2023. This is occasioned by an increase in the number of retiring public servants. That is about 12,290 public servants and military personnel who will retire. Furthermore, in the Financial Year 2023/2024, pensions are expected to increase by annual pension increase at the rate of 3 per cent as from 1st July 2023 which is this month. That will lead to increase in pensions. Salaries and allowances for constitutional and independent offices, as well as other miscellaneous expenditures, are expected to increase by 2 per cent from Ksh4.62 billion to Ksh4.73 billion."
}