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{
    "id": 1525040,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1525040/?format=api",
    "text_counter": 977,
    "type": "speech",
    "speaker_name": "Mbeere North, DP",
    "speaker_title": "Hon. Ruku GK",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I rise to support the Report. For quite some time, public liability has not been managed well in this country, be it domestic or international liabilities. That is probably why we have been in serious problems of borrowing repeatedly until we have an accumulative debt of about Ksh11 trillion. The Committee forwarded promising recommendations to this House. We are looking at fiscal consolidation to ensure that we move our debt to GDP ratio from where we are, over 65 per cent. We want to be within the recommended percentage of present value terms that are at 55 per cent, with a plus or minus five per cent by 2028. For this to be achieved, the Ministry of National Treasury and Economic Planning, the Central Bank of Kenya (CBK), and the Controller of Budget, must do several things. The Report proposes automating debt service payment from the Consolidated Fund. That is one of the key recommendations. This will enable us to monitor any withdrawals made. There have been many rumours on social media and the mainstream media that a big amount of money has been withdrawn from the Consolidated Fund manually. We are not sure whether this money has been utilised properly. We are talking about large amounts of money. With such kind of recommendations, we will get rid of many speculations that may come as a result of the naysayers..."
}