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{
    "id": 435487,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/435487/?format=api",
    "text_counter": 275,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "THAT, Clause 4 of the Bill be amended by deleting paragraph (b). Hon. Temporary Deputy Chairman, by saying that the provisions of this section shall not apply to external loans or external Government securities, in my view, it is not a very good provision because if you look at the parent Act, Section 53 provides that the Registrar must publish and publicise the loans that the Government owes. So, removing Government external loans and external securities from the provisions of this section means that the Government can borrow money, and the people of Kenya will not even know how much they have borrowed, yet the initial intention was to ensure that the Government discloses all the loans that it owes. Now that we have a devolved system of Government, all the counties must know how much money the Government is borrowing from outside. That provision was not necessary in this law. Thank you."
}