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"id": 1488266,
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"type": "speech",
"speaker_name": "Kiharu, UDA",
"speaker_title": "Hon. Ndindi Nyoro",
"speaker": null,
"content": "As we are all aware, Parliament lost money because it was the most reasonable thing to do then. We had to carry our fair share. That is something that has never happened before in this Republic, where the Parliament of Kenya, superintended by the Members of Parliament, passed a downgrade of the National Government Constituencies Development Fund (NG- CDF) by approximately Ksh10 billion. That had never been seen before. Therefore, in the wisdom of this House, since the downgrades were cutting across all departments, Semi- Autonomous Government Agencies (SAGAs), and spheres of Government, it was decided that our county governments also had to carry their fair share. However, out of our current budget of Ksh3.887 trillion, we realised that over Ksh1.008 trillion is going towards the payment of interest on our financial obligations, which are loans. During the last financial year, the amount of money that the country expended on servicing loans was around Ksh1.8 trillion. Therefore, that is our main burden. 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."
}