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{
    "id": 1353351,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1353351/?format=api",
    "text_counter": 217,
    "type": "speech",
    "speaker_name": "Balambala, JP",
    "speaker_title": "Hon. Abdi Shurie",
    "speaker": {
        "id": 13294,
        "legal_name": "Abdi Omar Shurie",
        "slug": "abdi-omar-shurie-2"
    },
    "content": " Thank you, Hon. Speaker. I beg to move: THAT, this House adopts the Report of the Public Debt and Privatisation Committee on its consideration of the Consolidated Funds Services (CFS) under the Supplementary Estimates I for FY 2023/2024 laid on the Table of the House on Thursday 16th November 2023. Hon. Speaker, this is the fourth report of the CFS expenditures to be tabled in this House. I want to thank the Members of the Public Debt and Privatisation Committee who have continued to work diligently since this Committee was formed and for the good recommendations that have been adopted by this House on the management of CFS expense. The CFS constitute mandatory expenditures that are a direct charge to the Consolidated Fund and do not form part of the Appropriation Bill subject to Article 221 of the Constitution. The CFS expenditures are expected to increase to Ksh2.08 trillion in the revised estimates from Ksh1.84 trillion in the approved estimates. It represents an increase of Ksh242.52 billion. This is also the first time the CFS expenditures have exceeded the Ksh2 trillion mark. The CFS expenditures are the largest expenditure component of the national Government budget. There is a need to enhance the oversight capacity of the National Assembly over these expenditures in order to promote transparency and accountability. This may require the enhancement of the National Assembly Standing Orders to provide for adequate reporting requirements, audits, reports and setting procedures for processing CFS expenditures once budget estimates are submitted to the National Assembly for consideration. Due to the increase effected by the Supplementary I Estimate, total CFS expenditures will increase by 33 per cent, translating to Ksh2.08 trillion comprising the following: 1. Public debt servicing expenditures Ksh1.87 trillion. 2. Pension expenditures Ksh189 billion. 3. Salaries and allowances Ksh4.74 billion. 4. Miscellaneous services Ksh60 million 5. Guaranteed debt Ksh18.9 billion. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}