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"id": 39131,
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"type": "speech",
"speaker_name": "Mr. Kenyatta",
"speaker_title": "The Deputy Prime Minister and Minister for Finance",
"speaker": {
"id": 168,
"legal_name": "Uhuru Muigai Kenyatta",
"slug": "uhuru-kenyatta"
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"content": "Mr. Temporary Deputy Speaker, Sir, the Government policy on external borrowing is to guarantee loans on concessional terms, and I would like to inform the House that except for very special cases, the policy has been maintained. Over 70 per cent of the projected external borrowing to be guaranteed will be on concessional terms. The quantum and terms will be reported to this House in accordance with the requirements of the Public Audit Act, 2003, as well as the Public Finance Management Bill, 2011, which will be tabled in this House soon."
}