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Parliament rejects fund for payment of public debt
Telecom operators will pay customers up to Sh30 per day for dropped calls if Parliament adopts a revived Bill that imposes a penalty for voice service outages. PHOTO | POOL
A parliamentary committee has rejected the creation of a special fund to ring-fence cash for repayment of maturing debt, dealing a blow to government plans to ease future cash flow pressures.
The National Assembly Committee on Delegated Legislation shot down the Public Finance Management (Sinking Fund) Guidelines of 2021, which would have created the special fund for debt servicing, on grounds that the regulations lack the input of Kenyans.
