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{
    "id": 1266749,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1266749/?format=api",
    "text_counter": 349,
    "type": "speech",
    "speaker_name": "Dagoretti South, UDA",
    "speaker_title": "Hon. John Kiarie",
    "speaker": null,
    "content": "There is a recommendation by the Committee that, in line with the House resolutions on the Medium-Term Debt Management Strategy of 2023 for the FY 2023/2024, the National Treasury should adhere to the approved ratio of 50 to 50 mix of domestic to external borrowing, and that any deviation in the funding strategy should be approved by the National Assembly. On that account alone, this Committee starts to speak to the issues of why this House demanded to have the Public Debt and Privatisation Committee. A Member has raised the issue of misappropriation of the money that we send to the counties through the County Appropriation Bill. This is a radical recommendation. I believe this country cannot continue to send money to the counties in the form that we are doing now. Members of the County Executive Committees (CECs) spend the money as they wish. My radical recommendation is that the money that goes to the counties must be transformed to be conditional debts or grants. The National Government Constituencies Development Fund (NG- CDF) performs so well because…"
}