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{
    "id": 172202,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/172202/?format=api",
    "text_counter": 500,
    "type": "speech",
    "speaker_name": "Mr. Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "Hon. Members, in effect, the contingent liability was increased from Kshs40 billion to Kshs80 billion. It, therefore, follows that the current limit of contingent liability imposed under the Act is the sum of KÂŁ4,000 million which is the equivalent of Kshs80 billion. Perusal of Sessional Paper No.1 of 2009, laid before the House by the Minister indicates that the current contingent liabilities of the Government of Kenya in respect of guarantees given under the Guarantee (Loans) Act amount to Kshs40.9 billion, which is well below the ceiling of Kshs80 billion as resolved by the House on 8th July, 1993. The Acting Minister for Finance is, therefore, within the limits of the Act in asking for approval for the sum of Kshs7.9 billion."
}