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{
    "id": 1382407,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1382407/?format=api",
    "text_counter": 293,
    "type": "speech",
    "speaker_name": "Tinderet, UDA",
    "speaker_title": "Hon. Julius Melly",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. First of all, I laud the Chairperson and the Public Debt and Privatisation Committee, Hon. Shurie and his Committee, for doing a wonderful job. I hope that the National Treasury is going to stick to the issues that have been raised. Every other time, the National Treasury issues a very good Budget Policy Statement and a very good framework on MTDS. However, there is no consistency between the two. The other day, as a House, we sat and went through the Budget Policy Statement because it forms the basis under which we fund our Budget. It gives the policies, frameworks and programmes that underpin the estimates that we are going to have. But we realise that it has become a circus. We have a very good document, but it lacks the programmes underpinning the funding. So, we want the National Treasury to be consistent on that. The Medium-Term Expenditure Frameworks (MTEF), the Debt Management Strategy and the Budget Policy Statement should speak to one thing so that we move on as one. The National Treasury should come to this House to get approvals especially on issues that make us borrow and increase debt. The other day, we had issues with borrowing because our debt went up because of interest rates, exchange rates and contingency spending. The US Dollar at one time was Ksh120, but it is now Ksh160. As a country, we are going to pay more in the international market. Those are the issues we are now telling the National Treasury to look into so that when they make a forecast to borrow, they should know how the interest rates are moving and the contingencies at hand. This will, therefore, enable them to borrow within a framework that they understand very well. 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"
}