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{
    "id": 1505916,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1505916/?format=api",
    "text_counter": 242,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kimani Kuria",
    "speaker": null,
    "content": " Hon. Temporary Chairlady, I beg to move: THAT, Clause 2 of the Bill be amended- 1. In paragraph (a) the proposed new subsection (2C) by deleting the word “Act”, and substituting therefore with the word “provision”; and 2. In paragraph (b) in the proposed new subsection (2CA) by deleting the words “not later than five years from the date of coming into force of this Act”. The proposed amendment in paragraph (a) seeks to provide clarity on the proposed amendment on the effective days of the debt threshold. It cures ambiguity on whether the effective date will be the date of the commencement of the Act or the provision as proposed in Clause (2)(a) of the Bill. The proposed amendment in paragraph (b) seeks to cure ambiguity on the proposed new section 2C on the obligation of the Cabinet Secretary taking measures to comply with the debt threshold, as provided in the Bill. The use of the words “not late than five years from the date of coming into force of this Act” might be construed to mean that the measures being taken by the Cabinet Secretary could be taken within 10 years which is not the intention of the Bill. This is the debate that we had yesterday where we sought clarity to the adherence to the 55 per cent debt as a percentage of GDP in present value terms will have to come into effect within five years and not after 10 years as may be construed as currently proposed on the Bill. This provides for that clarity which is the real intention of the Bill. I beg to move."
}