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{
    "id": 1266700,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1266700/?format=api",
    "text_counter": 300,
    "type": "speech",
    "speaker_name": "Wajir East, JP",
    "speaker_title": "Hon. Aden Mohammed",
    "speaker": null,
    "content": " I was getting concerned. The national debt has gone to Ksh10 trillion. Out of that, it is very important that this House finds out the inter- generational equity of the loans that we take. Every time we hear the Executive has signed for a loan that we do not know where it will be spent, it is important for this House to ensure the dictates of our Constitution are followed so that the loans we take have both an inter- generational and geographical equity. My Chairman has already talked about the 50:50 Medium-Term Debt Strategy: 50 per cent domestic, 50 per cent external debt. This House passed that Report, but unfortunately a few days later, we passed another Report, the Budget Policy Statement of 80 to 20. It is important that this House takes note of the reports that we are pass. Some of them could be contradicting each other. I urge this House to take note of this very important Report and not just say ayes and nays. Finally, Hon. Temporary Speaker, we have gone from a defined benefits scheme to a defined contribution scheme as far as our public pensions are concerned. Unfortunately, the idea of moving from defined benefits to defined contribution was to reduce the pension burden on the public. But as already said, the pension budget is increasing. It is important that this House follows up on that and makes sure that the Public Servants Superannuation Scheme is fully funded for the benefit of the people of Kenya. I beg to second."
}