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{
    "id": 1479395,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1479395/?format=api",
    "text_counter": 45,
    "type": "speech",
    "speaker_name": "Hon. Kingi",
    "speaker_title": "The Speaker",
    "speaker": null,
    "content": " Hon. Senators, as you may have noticed, the Senate Majority Leader laid on the Table of the Senate this afternoon the following reports- A report by the National Treasury and Economic Planning on all new loans contracted by the Government of Kenya from 1st May, 2024, to 31st August, 2024, and a report on the MSMEs credit guarantee scheme performance for the period between 1st July, 2023, to 30th June, 2024. The report on all new loans contracted by the Government of Kenya from 1st May, 2024, to 31st August, 2024, contains details on all new loans signed between the national Government and various creditors for the stated period. Section 31(1) of the Public Finance Management (PFM) Act states as follows- “The Cabinet Secretary shall submit to Parliament, every four months, a report of all loans made to the national Government, national Government entities and county governments, in accordance with Article 211(2) of the Constitution.” Pursuant to Section 31(3) of the PFM Act, the report submitted to Parliament contains the following- “(a) the names of the parties to the loan; (b) the amount of the loan and the currency in which it is expressed and in which it is repayable; (c) the terms and conditions of the loan, including interest and other charges payable and the terms of repayment; (d) the amount of the loan advanced at the time the report is submitted; (e) the purpose for which the loan was used and the perceived benefits of the loan; and such other information as the Cabinet Secretary may consider appropriate.” Hon. Senators, on the other hand, the report on the MSMEs credit guarantee scheme performance for the period between 1st July, 2023, to 30th June, 2024, contains credit guarantees issued to MSMEs for the stated period. Section 59A of the PFM Act states as follows-"
}