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{
    "id": 1016839,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1016839/?format=api",
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    "speaker": null,
    "content": "Thank you, Mr. Temporary Speaker, Sir. Sorry for mixing language. The law that was passed that sets the maximum above the CBK rates what banks should charge which has now been repealed. You will find that we have set the base rate of interest if you have not paid me lower than what someone is being charged at the commercial banks. Sometimes an excuse is used like the investigation is ongoing, or we have not received Exchequer. That should be a thing of the past. Government must know that when you delay payments because you are not getting favors or whatever reason, it is an additional cost to you. Mr. Temporary Speaker, Sir, we have proposed to place an obligation on procurement to ensure that priority is given to outstanding debts for the supply of goods and services to the procuring entity. We provide a way that determines debts that will be given priority. We shall have regard to the debts upon which, payment fell due and are done in a chronological order. The Committee suggests, first in first out, which is a chronological order. Nonetheless, there must be a determination. There is too much discretion, which you are aware of. How many people come to you as Senators or as leaders telling you: “I have a pending payment in a certain county 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."
}