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"id": 1439435,
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"type": "speech",
"speaker_name": "Kitui Central, WDM",
"speaker_title": "Hon (Dr) Makali Mulu",
"speaker": null,
"content": "From our assessment as a Committee, this House needs to take more time in paying attention to how this overdraft facility is being used so that we ensure there is accountability. The other matter which is critical is the issue of Kenya Airways guaranteed debt. You realise that when any parastatal takes a loan, it is always guaranteed by the National Treasury, and this is by law. So, Kenya Airways incurred a debt by taking a loan. It happens that they have always been struggling to pay this loan and the National Treasury has been bailing them out over time. This time round, the National Treasury has taken over the total loan, which means in our public debt register the loan is captured as a national Government loan."
}