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{
    "id": 1569912,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1569912/?format=api",
    "text_counter": 124,
    "type": "speech",
    "speaker_name": "Sen. Chute",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, on behalf of Sen. Karen Nyamu, I beg to ask the following Question. (1) Could the Cabinet Secretary state the medium-term strategy to reduce the fiscal deficit from 4.9 per cent to a sustainable level? (2) What measures is the Ministry undertaking to support counties noting that the 2025 Budget Policy Statement projects GDP growth at 5.3 per cent and stable inflation, yet county governments face a contracting fiscal space and rising costs? (3) What interventions is the Ministry implementing to address the pending bills crisis in county governments, particularly in Nairobi City County, where pending bills have accumulated to approximately Kshs121 billion, and what mechanisms are being enforced to ensure timely settlement of supplier debts and prevent further accumulation? (4) How does the National Treasury plan to manage increased domestic borrowing by the Government without crowding out private sector credit and stifling economic growth in light of constrained external financing and the lapse of the International Monetary Fund’s (IMF) Extended Fund Facility (EFF) and Extended Credit Facility (ECF) program, signed in April, 2021?"
}