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{
    "id": 1264485,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1264485/?format=api",
    "text_counter": 129,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM",
    "speaker_title": "Hon. (Dr) Makali Mulu",
    "speaker": null,
    "content": "(b) by inserting the following new paragraph immediately after paragraph (a)— “(aa) by inserting the following new subsections immediately after subsection (2)— (2A) The borrowing by the national Government referred to in subsection (2) shall not exceed fifty-five percent of the gross domestic product in present value terms. (2B) Notwithstanding subsection (2A), the national Government may, in exceptional circumstances, exceed the threshold set under that subsection by not more than five per cent. (2C) The Cabinet Secretary shall, not later than five years from the date of the coming into force of subsections (2A) and (2C), take measures to ensure that borrowing by the national Government complies with the threshold prescribed in subsection (2A). (2D) The Cabinet Secretary shall submit to the National Assembly, by the 30th April in every year, a report on the debt status and the borrowing undertaken by the national Government, indicating the exceptional circumstances, if any, provided for in subsection (2C). (2E) The committee in the National Assembly responsible for matters relating to public debt shall consider the report submitted under subsection (2D), and shall table its report and its recommendations thereon in the National Assembly for consideration. (2F) The National Assembly shall discuss the report tabled under subsection (2E), and may pass a resolution to adopt it with or without amendments."
}