Could the Cabinet Secretary – (i) explain the strategic measures that the National Treasu…

Question

The Member for Ugunja (Hon. Opiyo Wandayi, CBS, MP) to ask the Cabinet Secretary for the National Treasury & Economic Planning: - Could the Cabinet Secretary – (i) explain the strategic measures that the National Treasury has put in place to address the ever- recurring challenge of delayed disbursement of funds to counties as well as delayed payment of salaries for civil servants taking into account the Country’s high debt financing and borrowing constraints? (ii) confirm and explain the existence of an emerging ‘shadow banking system’ that is tantamount to economic sabotage consisting of well-connected lenders, brokers and other credit intermediaries operating outside the realm of Central Bank of Kenya, and what actions is the Government taking to curb an allegedly emerging parallel exchange rate that is hurting importers and businesses at large?