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{
    "id": 1524914,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1524914/?format=api",
    "text_counter": 851,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "5. THAT, to improve transparency and accountability in anticipated increase in domestic borrowing, the Cabinet Secretary for the National Treasury and Economic Planning should within 60 days: i. Form a working committee to establish criteria for assessing the effective utilization of borrowed funds by Ministries, Departments, and Agencies (MDAs), establish the registrar of Government securities pursuant to section 55 of the PFM Act, and ii. Record in the debt register the details on the utilization of the borrowed funds, including the set of projects funded from the proceeds of infrastructure bonds. 6. THAT, the Cabinet Secretary for the National Treasury and Economic Planning establishes an interagency committee, including representatives from the Central Bank of Kenya and the Controller of Budget to review the public debt procurement process, debt utilization, and submits a report to the National Assembly by 31st May, 2025. 7. THAT, the Cabinet Secretary for the National Treasury and Economic Planning reports and seeks approval from the National Assembly on any variation to the approved borrowing mix in the 2025 Medium Term Debt Management Strategy (MTDS)."
}