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{
    "id": 1461461,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1461461/?format=api",
    "text_counter": 254,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM",
    "speaker_title": "Hon. (Dr) Makali Mulu",
    "speaker": null,
    "content": " Hon. Temporary Speaker, I beg to move the following Motion: THAT, this House adopts the Report of the Public Debt and Privatization Committee on its consideration of the Consolidated Fund Services for the Supplementary Estimates I for FY 2024/2025, laid on the Table of the House on Wednesday, 24th July 2024. The Consolidated Fund Services (CFS) expenditures constitute mandatory expenditures that are directly charged to the Consolidated Fund and include public debt servicing expenditures, pension payments, salary and allowances for independent offices and constitutional commissions, among other expenditures. Under the first Supplementary Budget for 2024/2025, the total CFS expenditures are estimated to increase by Ksh23.78 billion. As such, they will remain the largest government expenditure component. The increase in CFS expenditures is attributed to the increase in pension expenditures, and there are no changes to the public debt servicing expenditures. This will remain at Ksh1.85 trillion, comprised of interest and principal payments—interest worth Ksh1.01 trillion and principal about Ksh843 billion. In short, the part of public debt is not changing. The only change in the supplementary estimates is associated with the pension. The Ksh23.78 billion increase in pension liabilities is attributable to carryovers and unsettled pension claims due to liquidity challenges experienced in the Financial Year 2023/2024. This amount includes Ksh21.22 billion in lump sum payments owed to retirees and Ksh2.56 billion in employer contributions to the Public Service Superannuation Scheme. The breakdown of those who have retired is as follows: The July 2024 monthly payroll includes 259,222 principal pensioners, drawing a total of Ksh5.51 billion, and 83,615 dependents expected to have received Ksh8,751.9 million. Additionally, 13,403 civil servants are projected to retire this year with entitlements to lump sum payments and monthly pensions. In short, because of the liquidity challenges in the country for the last financial year, we had carryovers in terms of pushing some payments to this financial year, just as we did with the National Government Constituencies Development Fund (NG-CDF) payments and the county governments equal share, which was not released. 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."
}