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{
    "id": 435142,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/435142/?format=api",
    "text_counter": 361,
    "type": "speech",
    "speaker_name": "Hon. Mulu",
    "speaker_title": "",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker. I also rise to support this amendment to the Public Finance Management Act, 2012. I want to remind the Members of the fact that this House passed the 2013/2014 Budget. Part of that Budget of Ksh130 billion was supposed to come from sovereign bonds. When the implementation of the Budget started, reality dawned on us and the Budget and Appropriations Committee and the Finance, Planning and Trade Committee were made aware that even though this money was part of the Budget, the legal framework for sovereign bonds to be floated out there in the market was not in existence. For a sovereign bond to be floated, then we had to do amendments to this Act to provide the required legal framework for the money to come to the country and support the Budget."
}