Teso MP Shines
Teso South member of parliament Mary Emase Shines.
“At the Joint Retreat between the Departmental Committee on Finance and National Planning and the Select Committees on Public Debt and Privatization and Budget and Appropriations with the National Treasury and Economic Planning, as it entered its second and final day today in Mombasa. Members being briefed on various topics and most importantly calls for stronger collaborations.
Among the key issues deliberated was public debt management. Members were apprised on the strategies the National Treasury had put in place to bridge the fiscal deficit for the 2023/24 Financial Year, which currently stands at Kshs. 718.9 billion. The lawmakers were told that the deficit would be financed through borrowing from external and domestic sources.
The engagement with treasury officials led by its CS, Prof. Njuguna Ndung’u was on various matters including on the viability of Public Private Partnerships (PPP) buyback processes, efficient use of money borrowed, the status of the road annuity fund, pension payouts, public universities’ funding, asset register, external debt stock, the debt anchor, undisbursed loans, equity in distribution of loans, among others
Post Author
