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{
    "id": 1109232,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1109232/?format=api",
    "text_counter": 195,
    "type": "speech",
    "speaker_name": "The Temporary Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "Not later than three months after the end of each financial year, the Cabinet Secretary shall prepare and submit an annual report to Parliament on public debt in the format set by the Cabinet Secretary. The annual public debt report under paragraph (1) shall include the following information- (a) review of previous year’s financing of budget deficit; (b) composition of external debt; (c) publicly guaranteed debt; (d) on-lent loans and contingent liabilities; (e) debt strategy and debt sustainability; (f) outlook for the medium term; and, (g) any commitment fees and penalties paid on any undisbursed amounts of a loan.” Section 26 (3) of the Public Finance Management Act, 2012 provides that- “Not later than seven days after the Budget Review and Outlook Paper has been approved by the Cabinet, the National Treasury shall- (a) submit the Paper to the Budget Committee of the National Assembly to be laid before each House of Parliament; and, (b) publish and publicize the Paper not later than fifteen days after laying the Paper before Parliament.” These reports are consequently committed to the Standing Committee on Finance and Budget, which may scrutinize the contents and make observations and recommendations thereon by way of a Report to the Senate. I thank you. Next Order!"
}