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{
    "id": 432062,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/432062/?format=api",
    "text_counter": 309,
    "type": "speech",
    "speaker_name": "Hon. Ogalo",
    "speaker_title": "",
    "speaker": {
        "id": 2679,
        "legal_name": "George Oner Ogalo",
        "slug": "george-oner-ogalo"
    },
    "content": "Hon. Temporary Deputy Chairman, the principal Act talks of the issuance of securities by the national Government. It does not specify whether they are external, internal or domestic. It only talks of issuance of securities by the national Government. Having passed the amendment by the Chair deleting part (b) of the amendment to Clause 4, it means that section 53 governs even external guarantees and loans. That is the clarification I was seeking. What that means is that whatever we are discussing now under 53(A) is redundant. There is no further need to discuss it because as we speak, what we have passed means section 53 of the Public Finance Management (Amendment) Act also covers external loans and guarantees. So this is irrelevant law."
}