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{
    "id": 676983,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/676983/?format=api",
    "text_counter": 227,
    "type": "speech",
    "speaker_name": "Hon. Aden",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "The other issues have a lot to do with the manner in which we want to control the usage of funds by the national Government. I will bring amendment to Clause 50, which is not shown here. This amendment is very important because unfortunately, the prior amendment to the Public Finance Management (PFM) Act revised Section 50, before the execution of the infamous Eurobond, to allow the CS and the Central Bank of Kenya to open accounts overseas to hold money collected on behalf of Kenyans out there from either the proceeds of the kinds of bonds that we have seen or from loans. The Constitution is very clear that any money borrowed on behalf of the people of Kenya must be deposited in Consolidated Fund. Therefore, the amendment that I will bring will say that even if that account is opened out there, it must be an extension of the Consolidated Fund and that account must be brought under the powers of the Controller of Budget."
}