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MPs back calls for creation of sinking fund to pay debt
The National Assembly has opened public participation for two bills which form part of the conditions attached to the Sh139 billion soft loan secured from the World Bank. FILE PHOTO | JEFF ANGOTE | NMG
MPs have backed calls by the Controller of Budget (CoB) to create a special fund for debt servicing to avert debt distress.
The parliamentary Committee on Public Debt and Privatisation has given the Treasury up to July to table regulations to guide the creation of a sinking fund in a bid to ease pressure on the Exchequer.
