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{
    "id": 431078,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/431078/?format=api",
    "text_counter": 351,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Hon. Speaker, I believe the day we will approve this Bill and the Government starts to borrow from international market, we will see a positive change in terms of interest rates in this country. Therefore, this is a very good amendment which this House must support. By passing it we will be solving two issues, one we will be enabling the Government to get resources from outside the country at cheaper rates. Secondly, we will be assisting our local businessmen to get loans at lower interest rates. Hon. Speaker, on the issues that have been raised by hon. Ng’ongo, I want to say that we have started, as a Committee, on this Bill. We have actually identified many issues which we are going to address at the Committee Stage. I would like to encourage hon. Members to obtain the report of my Committee from the Table Office, so that they can see what the Committee has done and recommended. Hon. Speaker, we have even gone beyond these amendments and said, perhaps, we should use this opportunity to address the other issues we have been having under the Public Financial Management (PFM) Act. One of them, and about which the hon. Members have been complaining, is the time this House has to address the issues of Budget, the timing of the Budget Policy Statement. In most of the times we work on the last day to address Budget issues. 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."
}