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{
    "id": 1033915,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1033915/?format=api",
    "text_counter": 139,
    "type": "speech",
    "speaker_name": "Dagoretti South, JP",
    "speaker_title": "Hon. John Kiarie",
    "speaker": {
        "id": 13322,
        "legal_name": "John Kiarie Waweru",
        "slug": "john-kiarie-waweru"
    },
    "content": "Hon. Speaker, pursuant to Standing Order 44(2) (c), I wish to request for a Statement from the Chairperson of the Departmental Committee on Finance and National Planning regarding the status of the public debt management. Hon. Speaker, Section 33 of the Public Finance Management Act of 2012 stipulates that the Cabinet Secretary for National Treasury submits to Parliament a statement setting out the debt management strategy of the national Government over the medium term with respect to its actual liability and potential liability, in respect of loans and guarantees and its plans for dealing with those liabilities. Further, that Section 62(3) of the Public Finance Management Act of 2012 specifies public debt management strategy as to minimise the cost of public debt management and borrowing over the long-term taking into account the risk; promote the development of the market institutions for Government debt securities and ensure the sharing of the benefits and costs of public debt between the current and future generations. However, the reports, most of which I am in possession of here, on Public Debt Management submitted by the National Treasury give insufficient data."
}