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{
    "id": 778248,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/778248/?format=api",
    "text_counter": 327,
    "type": "speech",
    "speaker_name": "Hon. Wangaya",
    "speaker_title": "",
    "speaker": {
        "id": 13368,
        "legal_name": "Christopher Aseka Wangaya",
        "slug": "christopher-aseka-wangaya"
    },
    "content": "a guiding principle in this BPS, will remain a pipe dream or a myth if the National Treasury, the Executive and line Ministries do not align their programmes with the budget provision. As we were interrogating the BPS, we expected that when we talk about food security, it should align the strategies and tactics to be used in addressing food insecurity. For example, the BPS could have told Kenyans how many expanded irrigation schemes the Government will put in place. The BPS could have come up with a strategy in agriculture on how they will improve livestock production, which will in turn provide hides and skins for the manufacturing industry. Looking at the BPS, the Government is using the leather industry as a guiding principle. Universal healthcare is a costly affair. The Government must provide funding or a provision within the Budget and the BPS to ensure that every Kenyan is covered under the universal healthcare. We also need to appreciate that this country is in debt to the tune of Kshs4.6 trillion today. It takes every one of us to agree on ways and means on how we can bring this debt down. The Principal Secretary, National Treasury, alluded to it in the BAC. He said that the Kshs203 billion Eurobond will partly be used to pay the debt liability and partly for development programmes. What is a debt liability? It means Eurobond I, which was taken, was invested, but at the end of the day, the investment did not yield revenues that could have been used to address the deficit we have. So, it is up to all of us to appreciate the challenge that we have. As a Committee, we noted that. In debt management strategy, we realised that the National Treasury is paying close to Kshs1.1 billion for loans it guaranteed parastatals that are unable to pay. It is my submission that the National Treasury guaranteed loans to parastatals like the Kenya Broadcasting Corporation, Tana River Development Authority and East African Portland Cement. They were guaranteed loans that they are now unable to pay and so the National Treasury has to pay. The National Treasury should be careful when guaranteeing loans."
}