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"id": 1213816,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1213816/?format=api",
"text_counter": 187,
"type": "speech",
"speaker_name": "Balamabala, JP",
"speaker_title": "Hon. Abdi Shurie",
"speaker": null,
"content": "On public debt, the National Treasury should submit alongside the Annual Budget Estimates, a statement indicating all obligations of the National Government, including but not limited to: 1. Guaranteed loans; 2. Loans and overdrafts; and, 3. Other Government liabilities or obligations such as pending bills, accounts payable, pension arrears and non-performing loans. Hon. Temporary Speaker, in order to guard against exchange rate fluctuations, the National Treasury should consider hedging mechanisms on foreign exchange risks, negotiating lending agreements in Kenya Shillings or fixing the exchange rates at the time of loan negotiation. The National Treasury should table an amendment to the Public Finance Management Act, 2012 that will enable the enactment of an Annual Loan Financing Bill within the Public 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."
}