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"speaker_name": "Sen. Okiya Omtatah",
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"content": "Most obliged, Mr. Speaker, Sir. I rise pursuant to Standing Order No.53 (1) to seek a Statement from the Standing Committee on Finance and Budget regarding bailouts and debt waivers by Government to various entities, including parastatals, co-operative societies, companies and the like. In the Statement, the Committee should- (1) Provide a comprehensive report on all debt waivers and bailouts by the Government to those entities since the coming into effect of the Constitution of Kenya 2010, explaining the criteria used and clarifying whether each debt waiver and bail-out conformed to the principles of public finance as stipulated in Article 201 of the Constitution. (2) Explain the collective impact of the debt waivers and bailouts on the public debt portfolio. (3) Outline actions taken by the Government to hold to account individuals responsible for the mismanagement of the affected entities that necessitated the debt The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
}