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{
    "id": 1275768,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1275768/?format=api",
    "text_counter": 292,
    "type": "speech",
    "speaker_name": "Sen. Cheruiyot",
    "speaker_title": "The Senate Majority Leader",
    "speaker": {
        "id": 13165,
        "legal_name": "Aaron Kipkirui Cheruiyot",
        "slug": "aaron-cheruiyot"
    },
    "content": " Mr. Temporary Speaker, Sir, lastly is Clause 7 that seeks to amend the PFM Act by introducing a new paragraph. That is Section 63 to add additional functions to the public debt management office. It will include advising Parliament and Cabinet Secretaries on sustainable levels of the public debt and annual borrowing limit. This is a superfluous provision. I do not mind it, but I do not see how extremely useful it is to Parliament. We have the Parliamentary Budget Office (PBO) that does exactly that. I find their advice to be more prudent than any other you can get from any part of the country. They include debt sustainability and whether we have breached certain provisions. I find the advice of the PBO to be more responsive to my needs as a legislator than any other. While I do not mind those provisions, I feel that our committee should continue to use the PBO’s advice. They have professional analysts that serve in that directorate. We have some of the brightest minds in public finance that you can find in this country."
}