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"type": "speech",
"speaker_name": "Hon. A. B. Duale",
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"legal_name": "Aden Bare Duale",
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"content": "Hon. Speaker. If hon. Musimba could wait for a few minutes, I am moving this Motion in an amended form. And it reads:- THAT, pursuant to the provisions of Section 50(2) of the Public Finance Management (PFM) Act, 2012, this House approves the increase of total indebtedness by the National Government, for the time being outstanding in respect of principal amount of money borrowed or credit obtained, from US$14 billion (Kenya shillings one trillion two hundred billion, that is, Kshs1, 200 billion) to US$23 billion (Kenya shillings two trillion, that is, Kshs.2, 000 billion); noting Sessional Paper No. 14 of 2014 on the increase of the Government of Kenya’s external borrowing ceiling, laid on the Table of the House on Tuesday, 18th November, 2014 and pursuant to Section 50(2) of the PFM Act.” Hon. Speaker, the background to this increment in the ceiling is as a result of the following:-"
}