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{
    "id": 945520,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/945520/?format=api",
    "text_counter": 279,
    "type": "speech",
    "speaker_name": "The Deputy Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "(Sen. (Prof.) Kindiki): Order, Senators. I will like to communicate to the House as follows. I am in receipt of a Message from the National Assembly conveying the decision of the National Assembly approval of the Public Finance Management (National Government) (Amendment) Regulations, 2019. This is a delegated legislation under the Public Finance Management (PFM) Act. The effect of those regulations is, on the overall, to provide oversight mechanisms and accountability on sustainable levels of public debt. In particular, those regulations provide for a numerical limit to the total public debt of Kshs9 trillion in place of the current public debt limits set at 50 per cent of the Gross Domestic Product (GDP) in net present value terms, which is approximately Kshs6 trillion at the moment."
}