Parliament quashes bid for powerful debt office

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The National Treasury building in Nairobi in this picture taken on March 15, 2023. PHOTO | DENNIS ONSONGO | NMG

MPs have rejected a bid by the Treasury to empower the Public Debt Management Office (PDMO) to provide legislators with advisory services on debt affairs in Kenya.

Last week, MPs adopted a report by the Public Debt and Privatisation Committee, which deleted two clauses from the Public Finance Management (Amendment) Bill 2023, denying the PDMO new advisory powers on public debt.

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