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{
    "id": 1592094,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1592094/?format=api",
    "text_counter": 451,
    "type": "speech",
    "speaker_name": "Kinangop, JP",
    "speaker_title": "Hon. Kwenya Thuku",
    "speaker": null,
    "content": "brought to the attention of the House for passage and adoption. The CFS expenditure consists of pensions, debt repayment, salaries for independent commissions, and the salaries of the President and the Deputy President. The biggest expenditure of the government is CFS. We have a Budget of about Ksh4.4 trillion and a half of it is going to repayment of debts, pensions and salaries of independent commissions and constitutional offices. This brings the million-dollar question of how we are managing our finances and debts. A chunk of our revenue is going to the repayment of debt. Of the amount, Ksh1.9 trillion, the largest component, is for repayment of interest and commitment fees for loans that have been signed but not taken simply because the entities expected to absorb the funds have not done so. As a result, we find ourselves paying commitment fees to lenders, which has now become a critical expenditure in the CFS."
}