By DAVID MWERE More by this AuthorThe National Assembly will have the final say on borrowing and guaranteeing of loans by the national government as President Uhuru Kenyatta inches closer to signing the Public Finance Management (Amendment) Bill 2020 into law. As of June 30, 2017, it stood at Sh5.4 trillion according to the annual national debt management report by the Treasury. By the time retired President Kibaki was leaving office in 2013, the public debt stood at about Sh1.6 trillion. However, the entry of Jubilee administration in March 2013 has seen the public debt soar over the years. The others are Parliamentary Car Loan (Members) Scheme Fund, Parliamentary Car Loan (Staff) Scheme Fund and the Parliamentary Catering Fund.

Source: Daily Nation July 05, 2020 03:56 UTC