Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1173413,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1173413/?format=api",
    "text_counter": 158,
    "type": "speech",
    "speaker_name": "Kipipiri, JP",
    "speaker_title": "Hon. Amos Kimunya",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "Hon. Speaker, as Members will recall, when the Cabinet Secretary for the National Treasury and Planning appeared before this House to highlight the Estimates and financing proposals for the Financial Year 2022/2023, he alluded to the fact that he would be making a proposal to this House. In the first instance, this was to change the manner of computation of debts or debt limits to be capped at 55 per cent of the Gross Domestic Product (GDP). Thereafter, the draft was tabled in the House and given to the Committee on Delegated Legislation. Consultations commenced as per Section 5 of the Statutory Instruments Act, which requires any regulatory- making authority to consult in instances where the proposed regulation may have an indirect effect on business among other reasons. As the consultations were going on, it became very clear that the proposed formula of 55 per cent of the GDP at net present value terms made it much complicated, hence we needed a situation where people could relate and state our debt limit, rather than being pegged on the net The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}