{"count":1608389,"next":"http://info.mzalendo.com/api/v0.1/hansard/entries/?format=json&page=155779","previous":"http://info.mzalendo.com/api/v0.1/hansard/entries/?format=json&page=155777","results":[{"id":1575972,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1575972/?format=json","text_counter":3908,"type":"speech","speaker_name":"Ijara, NAP-K","speaker_title":"Hon. Abdi Ali Abdi","speaker":null,"content":"The Public Debt Service continues to dominate the Consolidated Fund Services (CFS) allocations, accounting for 88 per cent of total expenditures. While this underscores the weight of debt-related obligations on the national Budget, it also highlights a significant opportunity: the need to institutionalise structured and predictable liability management. The Government can then unlock more sustainable fiscal space over the medium term, support development priorities, and protect essential public services. Major changes under the CFS include a reduction of Ksh106.5 billion, from Ksh569.9 billion to Ksh385.4 billion, in domestic debt redemption payments primarily due to a decrease of Ksh184.2 billion in the provision meant to cover any shortfall in the redemption of Treasury Bills, from Ksh200 billion to Ksh15.89 billion. The external debt service is projected to decline by Ksh110 billion from Ksh704.9 billion to Ksh594.9 billion. The changes are a result of a reduction of Ksh114.87 billion, or 24 per cent, to Ksh361.5 billion from Ksh474.4 billion under external debt redemption payments, attributed to liability management targeting the Trade and Development Bank syndicated loan, of which the amount due of Ksh173.8 billion will decline to Ksh58.97 billion. No changes have been instituted to the allocations for pensions, salaries, and allowances for constitutional and independent office holders and other miscellaneous expenditures. Cumulatively, these expenditures will remain at Ksh246.97 billion. The Committee observes that the current gains from liability management operations, though welcome, should be anchored in a robust policy framework. The absence of a comprehensive national liability management policy has limited the strategic deployment of debt reorganisation tools such as repayments, swaps, and restructuring. Formalising such a policy will allow the National Treasury to plan proactively, reduce financing risks, and better align fiscal outcomes with the country's long-term development agenda."},{"id":1575973,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1575973/?format=json","text_counter":3909,"type":"speech","speaker_name":"Ijara, NAP-K","speaker_title":"Hon. Abdi Ali Abdi","speaker":null,"content":"The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."},{"id":1575974,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1575974/?format=json","text_counter":3910,"type":"speech","speaker_name":"Ijara, NAP-K","speaker_title":"Hon. Abdi Ali Abdi","speaker":null,"content":"In this regard, the Committee has recommended that the National Treasury develop and publish a comprehensive national liability management policy within 60 days of the adoption of this Report. This Policy should articulate clear guidelines and measurable targets aimed at reducing the debt service burden and enhancing fiscal space. Hon. Temporary Speaker, I beg to move and request Hon. Kasalu to second."},{"id":1575975,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1575975/?format=json","text_counter":3911,"type":"speech","speaker_name":"Hon. David Ochieng’","speaker_title":"The Temporary Speaker","speaker":null,"content":" Proceed, Hon. Kasalu."},{"id":1575976,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1575976/?format=json","text_counter":3912,"type":"speech","speaker_name":"Kitui County, WDM","speaker_title":"Hon. Irene Kasalu","speaker":null,"content":" Hon. Temporary Speaker, I second."},{"id":1575977,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1575977/?format=json","text_counter":3913,"type":"speech","speaker_name":"Hon. David Ochieng’","speaker_title":"The Temporary Speaker","speaker":null,"content":" That is pretty unusual."},{"id":1575978,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1575978/?format=json","text_counter":3914,"type":"scene","speaker_name":"","speaker_title":"","speaker":null,"content":"(Question proposed)"},{"id":1575979,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1575979/?format=json","text_counter":3915,"type":"speech","speaker_name":"Hon. David Ochieng’","speaker_title":"The Temporary Speaker","speaker":null,"content":"I request that those who wish to contribute to this Motion press the intervention button. I can see Hon. Ikiara Dorothy and Hon. Adan. Do you want to contribute to this? Let us have Hon. James Nyikal."},{"id":1575980,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1575980/?format=json","text_counter":3916,"type":"speech","speaker_name":"Seme, ODM","speaker_title":"Hon. (Dr) James Nyikal","speaker":null,"content":" Hon. Temporary Speaker, I will be very brief as I support this very important Motion. We have not had such a report for a long time. The Report is part of the Budget because it indicates which debts we are paying. The Report indicates that the information should be published within 60 days. I urge the Committee to avail that Report in good time. This Report was tabled yesterday, and many Members have probably not seen it. However, we would like the detailed Report to come in good time so that we can read it. If we are not careful about how debts are handled, they may actually be paid in a preferential manner. A committee is dealing with this, and we will receive a report. However, that Report should be tabled in the House within 60 days so that we can see how to handle our debts and the details therein. Thank you, Hon. Temporary Speaker."},{"id":1575981,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1575981/?format=json","text_counter":3917,"type":"speech","speaker_name":"Hon. David Ochieng’","speaker_title":"The Temporary Speaker","speaker":null,"content":" Member for Funyula."}]}