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{
    "id": 967642,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/967642/?format=api",
    "text_counter": 262,
    "type": "speech",
    "speaker_name": "Kikuyu, JP",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "This Appropriation Bill will authorise the National Treasury to issue a sum of Kshs73,173,074,113 out of the Consolidated Fund and apply it towards the supply granted for service of the year ending 30th June 2020. This is divided between both recurrent and capital expenditure for the financial year being the first Supplementary Budget. I do not want to belabour many of the things that were said during debate on the Report by the Budget and Appropriations Committee. The Committee noted the concerns raised in the previous debate on a Supplementary Budget that for the first time, we are seeing a Supplementary Budget, which ordinarily ought to reduce Government expenditure, increasing expenditure to the tune of about Kshs73 billion, as I have mentioned. The Committee noted the concerns, not just of increased expenditure, but also the risk of the country getting into more borrowing. Worrying enough, probably even from the domestic market, is as a result of this increased expenditure in the backdrop of an economy that is not doing very well. It is on record that we closed the last financial year with a financing gap on our revenues of about Kshs91 billion. This, as the Cabinet Secretary had insinuated, is what necessitated a review of our revenue estimates for the Financial Year 2019/2020. We appreciate the effort the National Treasury has made in terms of trying to mop up resources from our parastatals, many of which were holding money against provisions of the Public Finance Management (PFM) Act and the Public Finance Management Regulations. As we discuss the issue of the audited accounts of the Central Bank of Kenya, I hope the Chair of the Public Investments Committee, Hon. Abdullswamad Nassir, Member for Mvita, could listen to this. This is because we have just approved an extension of time on the audited accounts of the CBK. You will realise that out of all the parastatals where the National Treasury has been able to mop up resources, the CBK still holds many resources in terms of retained revenues. Even as you look at the audited accounts when the Auditor-General if formally appointed, you ought to engage with the CBK and the National Treasury on how the CBK can release some of these resources for use in other priority areas like reconstruction of roads in Nyando Constituency, where you have heard there are issues of floods. Even areas like West Pokot, where the Chair of the Departmental Committee on Transport, Public Works and Housing comes from, where we recently had landslides, need these resources. The areas include Murang’a and Garissa where people are being washed away by floods. Therefore, hopefully, as we move towards the end of the financial year and resume next year, it will be important for the Ministry of Transport, Infrastructure, Housing and Urban Development and the National Treasury to consider an affirmative fund to restore infrastructure especially roads that have been destroyed by the ongoing rains. 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."
}