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{
    "id": 1264514,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1264514/?format=api",
    "text_counter": 158,
    "type": "speech",
    "speaker_name": "Baringo North, UDA",
    "speaker_title": "Hon. Joseph Makilap",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Chairlady. As a Member of the Public Debt and Privatisation Committee, we protested against a proposal that would see the National Treasury assuming the powers of Parliament. In the amendments that we have proposed, we made sure that there is independence of Parliament. We made sure that separation of powers is retained through this amendment. As a mathematician, I know that any borrowing limit below 55 per cent, plus or minus 5 per cent, is safe. This is an applicable international standard. Many countries across the world are practising debt anchor rather than a numerical figure. We believe that this will open a space for this country. If there will be fiscal discipline within the Government, it will borrow within sustainable limits."
}