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{
    "id": 1439453,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1439453/?format=api",
    "text_counter": 763,
    "type": "speech",
    "speaker_name": "Navakholo, ODM",
    "speaker_title": "Hon. Emmanuel Wangwe",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I rise to support this Report by the Committee on Public Debt and Privatisation under the Supplementary Estimates II and Financial Year 2024/2025. What is peculiar about the overall expenditure in the Supplementary Estimates II is the Ksh1.99 trillion. In the final estimates, the Report puts it at Ksh2 trillion. Similarly, the servicing of the public debt in the Supplementary Estimates rises to Ksh1.8 trillion while in the final estimates, it pushes it upwards to Ksh1.83 trillion. This means that in future, we are going to purely rely on the drawings from the Consolidated Fund Services; a scenario which the Kenyan Constitution gives the administration of the day the authority to do so. It is, however, subject to abuse. I thank the 12th Parliament. In its wisdom, it thought it wise to separate this Committee from the Budget and Appropriations Committee (BAC). Initially, this used to be an annexure of the BAC Report, but now it is coming as a stand-alone. I am also interested in highlighting the observations that have been revealed in this Report. I want to single out the issues highlighted particularly touching on Kenya Airways. This Report almost appears to have gone into detail on what is bedevilling this country. Is it that the Consolidated Fund Services (CFS) has only affected Kenya Airways? The answer is no. Hon. Temporary Speaker, allow me to speak as the Chairperson of the Public Investment Committee on social services, administration, and agriculture, where some of the parastatals are receiving repayment of debts from CFS. What happens is that the National Treasury responds to the guarantees that it has committed this country against the lenders. However, the question that comes about is: were these items delivered? Secondly, were these items delivered at prices that could otherwise have been competitive? Most of the time the answer is no. Hon. Temporary Speaker, we visited two agencies and found out that the delivery of services was wanting. The issue of pricing was also wanting because it is mainly supplier-driven rather than consumer-driven. What does it speak to spending in terms of prudence of financial management? It leaves us exposed. It leaves us unable to account for what taxpayers have put into the CFS as national revenue. I want to thank the Committee for highlighting Kenya Airways, given that the National Treasury undertook the guarantee and eventually went ahead to settle the payment. The Committee has indicated that in 30 days upon adoption of this Report, they would want certain reports to be filed by the National Treasury as a response to the issues that might have arisen towards this debt. 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."
}