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{
    "id": 778225,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/778225/?format=api",
    "text_counter": 304,
    "type": "speech",
    "speaker_name": "Hon. Wandayi",
    "speaker_title": "",
    "speaker": {
        "id": 2960,
        "legal_name": "James Opiyo Wandayi",
        "slug": "james-opiyo-wandayi"
    },
    "content": "There is another issue that keeps recurring. Most of the functions were devolved to the counties. However, that was done without proper costing. Year in, year out, they have to contend with county governments which have functions to perform, but which functions they cannot perform effectively on account of lack of adequate funds. That is an issue which will have to be addressed at one point or another. The matter of debt levels has also been canvassed. From where I sit, I am very uncomfortable. I listened keenly when the Leader of the Majority Party was talking. He made a comparison of our debt to the GDP ratio with the debt to GDP ratios of other countries, including the USA. It was foolhardy for him to compare our situation with situations of USA and other developed countries. In other countries, unlike ours, they have in place very adequate social security safeguards which cushion the ordinary person from the effects of this wanton borrowing. Eurobond II has been mentioned here. As you are aware, there are questions which still remain unanswered about Eurobond I. Indeed, my Committee is still waiting for the report of the special forensic audit that was to be undertaken by the Office of the Auditor-General on Eurobond I. It will be important for Kenyans to be given adequate information and, of course, as a Committee, we wait for the reports. We do not act in vain. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}