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{
    "id": 941375,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/941375/?format=api",
    "text_counter": 291,
    "type": "speech",
    "speaker_name": "Sen. Cheruiyot",
    "speaker_title": "",
    "speaker": {
        "id": 13165,
        "legal_name": "Aaron Kipkirui Cheruiyot",
        "slug": "aaron-cheruiyot"
    },
    "content": "Thank you, Mr. Deputy Speaker, Sir. I was making a very important point and, perhaps that is why I was being interrupted so that it gets drowned. In the budget review outlook paper that the Cabinet Secretary (CS) placed before our Committee and the Houses of Parliament the level of debt they want to achieve on each financial year from 2019/2020 to 2020/2021. On their target, it points out that at the end of the Financial Year 2019/2020, they project that our debt level will be at Kshs6.4 trillion. However, the document I had tabled previously shows that by August of 2019, the debt is already at Kshs6 trillion. It will only take a fool to believe that they intend to follow the documents they are presenting before this House. Tell us that the Kshs9 trillion will not be used all the way up to 2024 is a lie. Mr. Deputy Speaker, Sir, I want to assure the Senators who are here in this House, who want to support this Regulation that if you grant National Treasury the chance they are looking for, by December of this year, I will not be shocked if they will be at Kshs9 trillion. That is how difficult these things are. Thirdly, is the issue of underperformance of revenue; it is a very critical and important point of this debate. We have been told that budget deficit is a problem and it is caused by the difference between our expenditure and what we are collecting. However, as it is today, for every Kshs100 that Kenyans are being taxed, half of that amount is going to service debt. If that does not throw you into a chill mode as a Senator and ask you to first summon the Acting Cabinet Secretary and the whole of Treasury before this House, so that they expose and talk to us about the future of this country, I do not know what will."
}