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"id": 944087,
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"content": "Hon. Senators, I wish to bring to the attention of the Senate that pursuant to Standing Order 41(3) of the Senate, a Message has been received from the Speaker of the National Assembly regarding the decision of the National Assembly on the revised debt ceiling of the national Government. Pursuant to the said Standing Order, I now report the Message- “PURSUANT to the provisions of Standing Orders 41 of the National Assembly Standing Orders, I hereby convey the following Message from the National Assembly – WHEREAS, the CS for the National Treasury & Planning submitted the Public Finance Management (National Government) (Amendment) Regulations, 2019, as published vide Kenya Gazette Supplement No. 164 of 26th September, 2019, (Legal Notice No.155) whose objective is to revise the debt ceiling for the national Government as set by Parliament; AND WHEREAS, the provisions of Section 205(5) of the Public Finance Management Act, 2012, require such regulations to be approved by both Houses of Parliament; FURTHER WHEREAS, the National Assembly considered and by a resolution passed on 9th October, 2019, approved the amendment to the subject Regulations in the form published by the Cabinet Secretary; NOW THEREFORE, in furtherance to the provisions of Standing Order 210 of the National Assembly Standing Orders, I hereby convey the said decision of the National Assembly to the Senate.” Hon. Senators, Section 11(1) of the Statutory Instruments Act provides that every Cabinet Secretary responsible for a regulation-making authority shall, within seven sitting days after the publication of a statutory instrument, ensure that a copy of the statutory instrument is transmitted to the responsible Clerk for tabling before the relevant House of Parliament. With reference to the debt ceiling for the national Government, specifically Section 205 of the Public Finance Management Act empowers the CS, national Treasury, to make regulations touching on the public debt limit. The Act further provides that such regulations shall not take effect unless approved by a resolution passed by Parliament, which means the National Assembly and the Senate; and shall take effect on the day after the date on which both Houses approved them or, if a later date is specified in the regulations, on that later date. Hon. Senators, you are aware that the Senate is already seized of this matter. At the sitting of the Senate yesterday, Wednesday, 16th October, 2019, the Senate Majority Leader tabled the said Regulations, as received by the Clerk of the Senate from the CS, National Treasury. I then made a determination that, this being a matter of national importance touching on the country’s resources, including budgetary issues, it be The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}