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{
    "id": 1167767,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1167767/?format=api",
    "text_counter": 142,
    "type": "speech",
    "speaker_name": "Sen. Cherargei",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "Secondly, I oppose this Motion because there was no social-economic viability of the projects and the ability to generate cash flow that will be used to par the debt. Therefore, there is no socio-economic viability that was done and telling us how the debt will be paid. Third, there should be Intergovernmental Budget and Economic Council (IBEC) that is chaired by the Deputy President should have looked at this request. However, there was no evidence of clearance or concurrence by the IBEC. When you look at the dispatch from the Cabinet of 12th May, 2022, there was no letter that was done by the IBEC. Therefore, it brings the doubt on ability of approving this infrastructure bond. Finally, in accordance with the procedure of Public Finance and Management (PFM) Act, we did not get the writing and undertaking of the CEC Finance of Laikipia. The reading of PFM Act and the Constitution of Kenya, all intends of finances by the CEC or CCM Finance of Laikipia County Government."
}