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{
    "id": 1275804,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1275804/?format=api",
    "text_counter": 328,
    "type": "speech",
    "speaker_name": "Sen. Cherarkey",
    "speaker_title": "",
    "speaker": {
        "id": 13217,
        "legal_name": "Cherarkey K Samson",
        "slug": "cherarkey-k-samson"
    },
    "content": "do not live in counties. If they do not live in counties, then we can agree with this proposal. We must amend this proposal. We should proceed to the mediation Committee. We will amend the amendment to ensure that we anchor the role of the Senate in the management of public debt. The principles of public finance under Article 201 are clear that Parliament is bicameral. Mr. Temporary Speaker, Sir, another interesting thing is Clause Six of the Bill, which states that- “A public debt incurred by the national Government is a charge on the Consolidated Fund, unless the Cabinet Secretary determines, by regulations approved by Parliament, that all or part of the public debt in a charge on another public fund established by the national Government or any of its entities.” Why are they cherry picking the role of the Senate when it comes to the approval, reporting and explaining the breach? Why is the Cabinet Secretary for National Treasury comfortable to send the explanation of five per cent increment above 55 per cent anchored on Gross Domestic Product (GDP) on present value terms to the National Assembly as opposed to sending it to the Senate? We must stop this mischief. We should not legislate mischief. We should not violate the Constitution. I agree with Article 213 of the Constitution coupled with Article 212 on the public debt. In fact, Article 214 (1) of the Constitution is very clear. It states that – “The public debt is a charge on the Consolidated Fund, but an Act of Parliament may provide for charging all or part of the public debt to other public funds.” The Constitution recognizes the role of Parliament. Even if you have charge on Consolidated Fund, the Act of Parliament, which is the Public Finance Management (PFM) Act, may provide for charging all part of the public debt to other public funds. This is very clear. All financial obligations and public debt have been defined. When you look at the borrowing by the national Government, there is about reporting mechanisms in Article 211 (2) which states that–"
}