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{
    "id": 1222243,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1222243/?format=api",
    "text_counter": 311,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr) Ojiambo Oundo",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I stand here to comment on the Report of the Public Debt and Privatisation Committee on the Medium-Term Debt Management Strategy. At the outset, and from an investment theory, debt is cheaper than equity. At any given time, you stand to get more returns when you leverage more on debt than equity. The catch word here is that the generated cash flow must be sufficient to service debt and ensure that there are adequate funds for these purposes in the event of fundamental changes. By virtue of the Public Finance Management Act and our Standing Orders, every given time, the National Treasury should submit a Medium-Term Debt Management Strategy together with the Budget Policy Statement and should be prepared for the purpose of the budget. 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."
}