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"id": 1174514,
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"type": "speech",
"speaker_name": "The Deputy Speaker",
"speaker_title": "",
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"content": "Section 58 (1) of the Public Finance Management Act, gives power to the Cabinet Secretary responsible for finance to guarantee a loan of a county Government or any other borrower on behalf of the national Government and further, that such a loan shall be approved by Parliament. Section 58 (2) of the Public Finance Management Act, spells out the conditions to be met before the Cabinet Secretary guarantees such a loan. The key conditions include that: - (a) the loan be for a capital project;"
}