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{
    "id": 941289,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/941289/?format=api",
    "text_counter": 205,
    "type": "speech",
    "speaker_name": "Sen. Mutula Kilonzo Jnr.",
    "speaker_title": "",
    "speaker": {
        "id": 13156,
        "legal_name": "Mutula Kilonzo Jnr",
        "slug": "mutula-kilonzo-jnr"
    },
    "content": "Thank you, Mr. Speaker, Sir. I was co-chairing this Committee when Sen. Mahamud was unwell. Together with the other Members, I disagree with the Majority Leader’s opinion that we should pass these regulations in the manner that they have been presented to us. Mr. Speaker, Sir, you have the opinion of the Minority in the report. That opinion speaks to what some of us who have sat in the Committee of Finance and Budget since 2013 have found to be the best way to deal with public debt. Mr. Speaker, Sir, perhaps, I want to bring to the attention of the Senators the history of public debt, and on how this matter has come to the Senate. Although the Constitution and the Public Finance Management (PFM) Act requires that this decision is made by Parliament, the first amendment done in 2014 by the National Assembly – in which Sen. Sakaja and Sen. Nyamunga were Members – Mr. Henry Rotich, the Minister for Finance at the time, informed the National Assembly that they needed to move the debt ceiling from Kshs1.2 trillion to Kshs2 trillion. He tabled Sessional Paper No.14, which wanted to move the debt to Kshs2.5 trillion as a ceiling. However, Mr. Speaker, Sir, and my fellow Senators, this matter never came to this Floor. This matter never came to the Committee on Finance and Budget. Mr. Speaker, Sir, I must make myself very clear that this is not about the President, the Deputy President, the handshake or the National Super Alliance (NASA). This is about the national Treasury of the Republic of Kenya."
}