Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1524913,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1524913/?format=api",
    "text_counter": 850,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "1. THAT, to meet the Public Finance Management Act, 2012 threshold of Debt to GDP in Present Value terms of 55% (+5%) by 2028, the Cabinet Secretary for the National Treasury and Economic Planning publishes quarterly reports detailing progress on fiscal consolidation as outlined in the 2025 Budget Policy Statement. 2. THAT, the Cabinet Secretary National for the Treasury and Economic Planning, Governor, Central Bank of Kenya, and Controller of Budget fully automate the withdrawal of debt service payments from the Consolidated Fund by 31st May, 2025, and submit a report to the National Assembly within 15 days after the automation. 3. THAT, to strengthen financial controls, ensure accurate and timely public debt statistics, and enhance decision-making for greater transparency and accountability, the National Treasury integrates the Public Debt Management System with the Integrated Financial Management System (IFMIS) by 31st May, 2025, and submits a report to the National Assembly within 15 days after the integration of the two systems. 4. THAT, to mitigate the growing risk of domestic debt interest payments and to reduce the tendency of the government borrowing funds held by public entities, the National Treasury deploys the Treasury Single Account (TSA) for all Ministries, Departments and Agencies (MDAs), parastatals, and public funds by 1st July, 2025. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}