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{
    "id": 64216,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/64216/?format=api",
    "text_counter": 293,
    "type": "speech",
    "speaker_name": "Mr. Mbadi",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "Having said that, what hon. Ogindo is praying that the House approves is in line with the requirement of Article 211(2) of the Constitution which says that within seven days after either House of Parliament, the Kenya National Assembly or the Senate, and in this case it is the Kenya National Assembly, so requests by a resolution, the Cabinet Secretary responsible for finance – I believe right now, that is the Minister for Finance – shall present to the relevant Committee - I believe in this case it is the Budget Committee – information concerning any particular loan or guarantee, including all information necessary to show--- What this means is that when the country has obtained a loan, or guarantees a loan, to finance any activity, then Parliament can call upon the Minister for Finance to present a report to the Budget Committee, the extent of the total indebtedness by way of principal and accumulated interest, the use made or to be made of the proceeds of the loan, the provisions made for servicing or repayment of the loan and the progress made in the repayment of the loan."
}