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{
    "id": 1173422,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1173422/?format=api",
    "text_counter": 167,
    "type": "speech",
    "speaker_name": "Tiaty, KANU",
    "speaker_title": "Hon. Kassait Kamket",
    "speaker": {
        "id": 13493,
        "legal_name": "William Kamket Kassait",
        "slug": "william-kamket-kassait"
    },
    "content": " Hon. Speaker, I beg to second. The Committee on Delegated Legislation is properly seized of this matter. The position as addressed by the Leader of the Majority Party is a compromised one. As he has ably put it, we find ourselves at a very unique position in terms of the budget implementation. After a lot of consultations, it became necessary that we move away from the position of removing the ceiling to have it based on a figure instead of a percentage of the GDP, which was being proposed as world-based practice in the current economic dispensation of the world. Hon. Members were, however, a bit uncomfortable with the ceiling based on the ratio of the GDP because there were conflicting figures on the actual size. It, therefore, became necessary that instead of basing it on an unknown figure of the GDP, we just put an open limit that everybody can see that the debt ceiling should not exceed Kshs10 trillion. As a Committee, we thought that was the best way to go. I beg to second."
}