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{
    "id": 946992,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/946992/?format=api",
    "text_counter": 216,
    "type": "speech",
    "speaker_name": "Uasin Gishu CWR, JP",
    "speaker_title": "Hon. (Ms.) Gladys Boss Shollei",
    "speaker": {
        "id": 13278,
        "legal_name": "Gladys Jepkosgei-boss Shollei",
        "slug": "gladys-jepkosgei-boss-shollei"
    },
    "content": "The rationale for the amendment is anchored on the fact that the set debt limit as currently expressed on net present value terms as a percentage of the GDP is unclear, difficult to verify compliance and thus undermines accountability. In general terms, public debt limits are necessary for safeguarding an economy from shocks and risks such as exchange risks, interest rate risk, international financial instabilities and safeguarding public debt at sustainable levels as envisaged in the Constitution, the PFM Act and in accordance with international best practice."
}