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{
    "id": 1056452,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1056452/?format=api",
    "text_counter": 144,
    "type": "speech",
    "speaker_name": "Kieni, JP",
    "speaker_title": "Hon. Kanini Kega",
    "speaker": {
        "id": 1813,
        "legal_name": "James Mathenge Kanini Kega",
        "slug": "james-mathenge-kanini-kega"
    },
    "content": "domestic to external borrowing as provided for in the MTDMS. This strategy provides the optimal debt and is also consistent with the key provisions of Section 50 of the Public Finance Management (PFM) Act. Specifically, the law requires that the National Government shall ensure that its financing needs and payment obligations are met at the lowest possible cost in the market, which is consistent with the prudent risk of management while ensuring that the overall level of public debt is sustainable. We are impressed that, currently, the Government does not have a high appetite for commercial debt and it is more on the concessional debts. We are happy because that is the route that we want the country to take. Secondly, the National Treasury should stick to its plan to reduce the stock of the Treasury Bills by Kshs200 billion in the next 30 days, following the adoption of this Report. The National Treasury should also report to the National Assembly how it has been able to achieve the report and on the progress on average time to maturity on domestic debt. Hon. Speaker, I want to thank your good office, the office of the Clerk, my Committee and extend my gratitude to all the ministries, departments, agencies, commissions…"
}