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{
    "id": 1509405,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1509405/?format=api",
    "text_counter": 106,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "This report raises pertinent concerns over budgeted corruption, possibly plunder, and waste of public resources, which has, which poses a significant threat to our nation's economic integrity, development, and growth. In that Statement, the Committee should- (1) Inquire and provide a detailed explanation for the Kshs161 billion payments for external debt, which was done between 2021 and 2022 and 2023 financial years, stating why the National Treasury failed to provide adequate supporting documentation to the Auditor-General for these payments to be made; (2) evaluate the prudence of government borrowing and sustainability of Kenya's public debt in light of the reported accountability gaps, as well as the government plans to borrow an additional Kshs413 billion in the year 2024 and 2025 financial years; (3) provide a comprehensive account of Kenya's debt, how much money we have borrowed in the last 10 years, and if possible, have a distinction between the money borrowed locally and externally, indicating the projected repayment timelines as well as the measures put in place to mitigate any risks of default; (4) outline the legal and policy reforms being implemented to ensure transparency, and accountability in borrowing and debt repayment to restore public trust and safeguard our country's fiscal sustainability and fiscal growth."
}