In a letter dated October 27, 2022, seen by this website, Members of Parliament (MPs) that sit on the Committee on National Economy have been notified to convene with the Ministry of Finance to consider this “urgent” request.
“Notice is at this moment given that the committee on National Economy will have a meeting with the Ministry of Finance to consider the urgent assignment of scrutinizing the request by the government to borrow up to Euro 455.03 million to finance the development and infrastructure budget for the financial year 2022/2023,” reads part of the letter signed by Glorious Kamayangi on behalf of the clerk to Parliament.
According to the letter, the meeting is set to take place on Monday, October 31, 2022, in Conference Hall A, Parliament Building at 10:00 am.
The MPs will be expected to communicate their position to the House on Wednesday, November 2, 2022.
This website understands that the delivery of government services across the country has been imperiled as a result of a significant reduction in budget releases for the first quarter of the fiscal year 2022/2023.
Of the anticipated Sh8.1 trillion, the Ministry of Finance only released Sh4.7 trillion in July. It did not provide any information on how the remaining money will be sent. The development budget suffered the most, with only Shs 596 billion of the anticipated Shs 2.38 trillion released.