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{
    "id": 1261815,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1261815/?format=api",
    "text_counter": 168,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM",
    "speaker_title": "Hon. (Dr) Makali Mulu",
    "speaker": null,
    "content": "This Bill now comes up with a clear definition of “financial obligation” so that we do not entertain ambiguity in terms of what should be paid or not paid. On this basis, the National Treasury came up with a definition that we thought was not good enough to capture what is indebted in the Constitution. In the Committee of the whole House, we will move their definition and we will give a new definition, which is an improvement of theirs. In principle, we are in agreement that there is need to define financial obligations for clarity. Clause 3A proposes to delete the word ‘national’ so that instead of having ‘national debt’, we replace it with ‘public debt’. This is aligned with the Constitution, which talks about public debt and not national debt. This is like cleaning the Act. As a Committee, we have no problem supporting the amendment. As we move into the future, we would be agreeing with the National Treasury so that we replace the word ‘national debt’ with ‘public debt’. 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."
}