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"speaker_name": "Hon. (Dr) Ojiambo Oundo (",
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"content": "Funyula, ODM): Thank you Hon. Speaker. My party Chair has been very brief and I imagine he has donated to me the time. I will strictly stick to your requirements. It has always been said that debt is always cheaper than equity. We have always been taught in investment and classes that debt is never bad as long as the right leverage has been established. When I perused this Bill when it was published, like my party Chair has said, I was extremely apprehensive. I was apprehensive specifically on Clause 6(2) which gave unfettered powers to the Cabinet Secretary to spend beyond the limit and simply come to report to Parliament. That would have taken away the power of Parliament that is donated by the Constitution of Kenya under Public Finance."
}