{"id":94005,"date":"2023-06-01T18:06:36","date_gmt":"2023-06-01T18:06:36","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth"},"modified":"2023-06-01T18:56:55","modified_gmt":"2023-06-01T18:56:55","slug":"kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth","title":{"rendered":"Kenyans urged to invest in treasury bonds for economic growth"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>The Parliamentary Budget and Appropriations Committee has advised Kenyans to invest in treasury bonds and bills for the country to grow its economy. Through one of its members, Makali Mulu (Kitui Central MP), the committee said it will be having its eye on public debt to ensure that the country doesn\u2019t borrow today at the expense of future generations.<\/p>\n

\u201cWe want to encourage Kenyans that now that more will be borrowed domestically, it\u2019s time to invest in instruments like treasury bonds and bills so that as we grow other people outside there, we grow our economy,\u201d Mulu said.<\/p>\n

Mulu spoke during the committee\u2019s joint presser at a Nairobi hotel on Wednesday. National Treasury Cabinet Secretary Njuguna Ndung\u2019u appeared before the Kiaru MP Ndindi Nyoro led committee minutes before they addressed the press. He said the best budget in every country even at a personal level was a purse budget \u2018where you live within your limits\u2019.<\/p>\n

\u201cAs a country, we are not yet living within our limits. We want to say that as a budget committee, we have observed that we are moving towards living within our limits through the physical consolidation fund but we are not yet there,\u201d Mulu said.<\/p>\n

\u201cThis is the reason we are borrowing. This year the projection is that we will be borrowing Sh663 billion in the next financial year from either domestically or externally.\u201d Mulu said the current budget proposes to borrow more domestically and less externally.<\/p>\n

He said they as a committee will be monitoring how well that will be done stating that the government will be competing for the same resources with the private sector that is supposed to be driving the economy if it borrows more domestically.<\/p>\n

\u201cAs a committee, we want to make sure that if we borrow domestically, we will not crowd out the private sector,\u201d Mulu said. He said the committee will ensure there is intergenerational equity in matters of public debt.<\/p>\n

Mulu said their work was to ensure that the country\u2019s resources were shared with all regions of the country to better Kenyans\u2019 lives. He said the issue of pending bills was a major challenge that affects all Kenyans and cuts across both levels of government; national and county.<\/p>\n

\u201cThese pending bills are harassing Kenyans. Kenyans have lost their property because they have been auctioned by banks. Some have died as a result of diseases associated with being auctioned,\u201d Mulu said.<\/p>\n

\u201cAs a budget committee, we assure Kenyans that we are taking this matter seriously and want to thank the treasury for confirming to us that as we move into the future, they will be coming up with strategies to ensure that for the next one year, all pending bills will be cleared and bills which will be incurred thereafter on annual basis, will become the first change in the next budget.<\/p>\n

“In that case, we will be helping Kenyans to grow their businesses as well as ensuring that their welfare is improved.” Mulu said the committee will ensure that resources are shared equitably so that every part of the country benefits.<\/p>\n

He said the Treasury and those concerned should ensure that Equalization Fund is implemented as provided for in the Constitution 2010. \u201cIn that case, we will be helping those marginalized areas in this country to catch up with the rest of the country,\u201d Mulu said.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. The Parliamentary Budget and Appropriations Committee has advised Kenyans to invest in treasury bonds and bills for the country to grow its economy. Through one of its members, Makali Mulu (Kitui Central MP), the committee said it will be having its eye on public debt to ensure that the country doesn\u2019t borrow […]<\/p>\n","protected":false},"author":84,"featured_media":94003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[6857,7003,544],"class_list":["post-94005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nKenyans urged to invest in treasury bonds for economic growth - kenya<\/title>\n<meta name=\"description\" content=\"The Parliamentary Budget and Appropriations Committee has advised Kenyans to invest in treasury bonds and bills for the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kenyans urged to invest in treasury bonds for economic growth\" \/>\n<meta property=\"og:description\" content=\"The Parliamentary Budget and Appropriations Committee has advised Kenyans to invest in treasury bonds and bills for the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-01T18:06:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-01T18:56:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/06\/sm_1685629414.563784.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Kenyans urged to invest in treasury bonds for economic growth\",\"datePublished\":\"2023-06-01T18:06:36+00:00\",\"dateModified\":\"2023-06-01T18:56:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth\"},\"wordCount\":585,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2023\/06\/sm_1685629414.563784.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/kenyans-urged-to-invest-in-treasury-bonds-for-economic-growth\",\"name\":\"Kenyans urged to invest in treasury bonds for economic growth - 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