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{
    "id": 714933,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/714933/?format=api",
    "text_counter": 188,
    "type": "speech",
    "speaker_name": "Hon. Njenga",
    "speaker_title": "",
    "speaker": {
        "id": 1510,
        "legal_name": "Francis Kigo Njenga",
        "slug": "francis-kigo-njenga"
    },
    "content": "polytechnics. They need to be equipped. They need to have the right personnel. A sum of Kshs2 billion is enough to equip every polytechnic in this country. This will positively impact the lives of the very many people who will go through those institutions, who will otherwise become criminals. It will work very well in the region I come from because people like working and making money. They will not have time to go for drinks. Another thing that has been brought up by the Committee in their recommendations is that the Kshs3.4 billion that is being given to the county governments for maternal healthcare will now be channelled through the National Hospital Insurance Fund (NHIF), making it so easy to account for. The medium term debt management framework of 60 to 40 where 60 per cent will be borrowed externally while concessionary and commercial loans will constitute 30 per cent per cent consecutively is another very nice policy. When we engage in external borrowing, the Kenya Shilling is weakened more than some of the currencies that we obtain. It makes sense to borrow US$1 million somewhere at 3 or 4 per cent and convert it to Kshs100 billion when it gets into the country. I thought about the reduction of the fiscal deficit by 60 per cent in the current financial year to Kshs500 billion and going down to 4 per cent, which is Kshs400 billion, in the 2019/2020 Financial Year. I find this very nice because we will reduce wastage and address the issue of low absorption of our annual budgets. The predictability of events such as the new Parliament has been well taken care of. The new MPs will get their mortgages in time. In fact, the outgoing MPs will get their final benefits. That is a welcome thing that has been proposed by this Committee and well financed by allocating the Parliamentary Service Commission Kshs36 billion. One of the most important things is the provision for the Equalisation Fund (EF) at Kshs7.7 billion. This will go a long way to improving the standards of life of people in areas currently hit by ravaging drought. I also note that there is a recommendation for undertaking a correlation analysis of the resources allocated to the major sectors of our economy. For example, if roads are being made, the amount of money being spent on them should be correlated with the amounts of money being spent on environment, agriculture, manufacturing and electricity. That is a good recommendation in that it will help us stop wasting public resources by sometimes building roads in areas where those roads may not have much relevance. I can see the Member for Narok is very happy because of the Maasai Mara and all that. Finally, Kshs4.7 has been set for roads. Well, this translates to about Kshs100 million per county. I hoped that my county of Kiambu, which is so big, would be considered. Anyway, this should translate into our feeder roads being made. With those few remarks, I second this Committee Report."
}