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{
    "id": 945521,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/945521/?format=api",
    "text_counter": 280,
    "type": "speech",
    "speaker_name": "The Deputy Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "These regulations also accordingly allow the Government to access concessional funding sources both at multilateral and bilateral levels, facilitating public sector investments supportive of inclusive economic growth and development up to the said figure of Kshs9 trillion, as opposed to the prevailing figure of Kshs6 trillion. It is also stated that the regulations are proving greater borrowing space for the Government of Kenya to cater for potential guarantees for borrowing by county governments and state owned enterprises. Hon. Senators, in a nutshell, these regulations are reviewing the debt ceiling of our country from Kshs6 trillion to Kshs9 trillion. Therefore, in accordance with our procedures and Standing Orders, and having looked at the extent and magnitude of the regulations, their coverage and considering these are delegated legislation, I have determined that this being a grave matter of national importance touching on delegated legislation and the country’s resources, including budgetary issues--- I have determined that this matter be committed to two Committees of this House to work together namely; the Senate Standing Committee on Finance and Budget as well as the Committee on Delegated Legislation. The Committees are directed to get seized of the regulations that had been tabled earlier this afternoon by the Senate Majority Leader, so that this House can in the shortest time possible, expeditiously deal with this issue and make a pronouncement for the approval or disapproval, as required by the law of our country and the Constitution. I thank you. What is it, the Senate Majority Leader?"
}