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{
    "id": 449227,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/449227/?format=api",
    "text_counter": 169,
    "type": "speech",
    "speaker_name": "Hon. Ng’ongo",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "If we did not pay the loans, it means we have not used development budget; so, where is the cash that we are collecting from our taxes every month? It begs the question whether this Government has over-borrowed from the Central Bank of Kenya (CBK). Have we reached our limits in terms of overdrafts at the CBK? I think the National Treasury needs to be very clear and tell Parliament that we need to be very clear on how we manage our debts. The office that is responsible for managing debts at the Treasury should now be in place, if it is not yet in place. The last time I checked, the audit office was not in place. This House must also take its oversight role seriously, and ensure that we do not waste money – this is what I call “wastage”. If you look at the definition of “wastage” in Public Finance Management (PFM) Act, it means not applying money where it will result in high productivity. Hon. Speaker, as this House considers these Supplementary Estimates I want us to take note of the following:- Do we need more than one Supplementary Budget in a financial year? You can even take it further and ask, do we even need a Supplementary Budget, in the first place? If you have proper planning and budgeting, you will not require a Supplementary Budget. In the first year, we can give the Jubilee Administration the benefit of the doubt, but now going forward, we expect proper planning. That is why the Budget cycle starts in August. The Budget cycle starts with the Budget Review Outlook Paper; it goes to Budget Policy Statement and then the Budget Estimates. Let us respect the Budget cycle; let us have some kind of co-ordination. Thank you, hon. Speaker. I beg to second."
}