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{
    "id": 1557782,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1557782/?format=api",
    "text_counter": 131,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "to primary schools, junior secondary schools, and high schools must be released in the first term. We did that in full. We released the entire Ksh48 billion. We will have to release another Ksh24 billion this second term and another Ksh24 billion in third term. At the same time, January is when we pay most loans especially the bilateral loan from China for the Standard Gauge Railway (SGR). We paid Ksh10.6 billion in foreign payments on 16th January. We paid another Ksh59 billion on 17th January. I will skip other small amounts and indicate we paid Ksh3 billion on 24th January and Ksh1.1 billion on 21st January. In total, the amount we spent on loan repayments in January alone was Ksh75 billion. You then add to that a salary bill of Ksh80 billion. Our wage bill increased from Ksh75 billion in December to Ksh80 billion in January. Why? One, we on-boarded junior secondary school (JSS) teachers at enhanced salaries. Hon. Omboko Milemba and his team agitated for salary increments, which they deserved, and they got them. We also had to adjust the salaries of our disciplined forces and lecturers who were on the streets at an additional cost of Ksh4.3 billion. All of this pushed our salary bill to Ksh80 billion. When you add Ksh80 billion salaries to Ksh75 billion, you get Ksh155 billion. Moreover, by that point, we had not released any money to the counties, the NGCDF, or any funds for operational expenses. That shows you the high level of commitments we face in January. The story was the same in February. We had a Treasury bond redemption of Ksh51 billion. Redemption means you pay. It is not a rollover. We paid another Treasury bond worth Ksh90.99 billion on 7th April."
}