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"id": 509167,
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"type": "speech",
"speaker_name": "Hon. A.B. Duale",
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"speaker": {
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"legal_name": "Aden Bare Duale",
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"content": "Hon. Speaker, the PFM Act, 2012, that this House passed provides elaborate provisions in making sure that those elements of transparency and accountability and utilization in terms of management of our resources are undertaken. The House should know that the National Treasury is finalizing the PFM regulations, which propose, among others, to set the external debt ceiling – that is if the House agrees when the regulations are tabled for debate. At present, the value of 50 per cent to the Gross Domestic Product (GDP) is also a convergence criteria used by all the East African Community member States."
}