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{
    "id": 444379,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/444379/?format=api",
    "text_counter": 83,
    "type": "speech",
    "speaker_name": "Hon. Ng’ongo",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "Yes, so that the Chair of Budget and Appropriations Committee can do that. I was just about to conclude the first statement that I was making. The AIE is delaying because like right now we are talking about the Euro Bonds. Remember, we budgeted to raise money through Euro Bond at the beginning of the year. There was no reason and justification really to delay until a few days to the end of the financial year to raise that money to be able to spend it in the few remaining days. The second point I wanted to make is that there is a concern on the issue of what is happening in the counties. It is high time the two Chambers of Parliament took this matter seriously, especially the Senate. Yesterday I attended a launch of a report by the Institute of Certified Public Accountants, of which I am a member, the public policy and governance committee of that ICPAK has done some research in the counties. What you saw yesterday with regard to the reporting from the CRA and the Controller of Budget is true. There is a feeling in the counties and especially among the county assembles that they have to spend all the money that was voted for the assembly before 30th June, yet we did pass a law in this House, which they should be aware of, that any money voted to the county is safe and they can spend it next year. They do not have to spend it at the moment. I think it is the issue of wastage. We need to look at the counties because there could be some people who are out to frustrate counties and devolution as a whole. Finally, I am just concerned about what the Leader of Majority Party has just told this House. I have heard about it and now he has confirmed it in the HANSARD, that we are raising Kshs.720 billion. I have just translated US$8.7 billion into Kenya Shillings and that is Kshs.720 billion on Euro Bonds. I do not know who has given the Government that power to raise that money. This House allowed the Government, for this financial year, to raise Kshs.135 billion and for the next financial year, Kshs.36 billion. The total is Kshs.172 billion. It is not factual to say that this Government has the mandate and authority to raise Kshs.720 billion. This money we are getting through Euro Bond is not charity. It is money that we will pay back and this House had put a ceiling, the maximum beyond which we cannot pass. So, I am concerned when I heard the Leader of Majority Party mentioning such a huge and scaring figure."
}