Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1103155,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1103155/?format=api",
    "text_counter": 198,
    "type": "speech",
    "speaker_name": "Sen. Olekina",
    "speaker_title": "",
    "speaker": {
        "id": 407,
        "legal_name": "Ledama Olekina",
        "slug": "ledama-olekina"
    },
    "content": "Thank you, Madam Deputy Speaker for allowing me to compose my few words. I rise to support the Report by the Senate Committee on Delegated Legislation in terms of their findings with regard to setting up of a sinking fund in this country. Sometimes I ask myself whether what is written on paper can become practical in this country. Looking at the current devolved government structure, many of the county governments are complaining that employees and Members of County Assemblies (MCAs) have not been paid. Up to last week, most counties were not sure of when they would ever get money. But, here, we have the National Treasury working on their own without consulting even the Central Bank of Kenya (CBK), decide that the Kenyans economy is doing so well such that we have extra money we can set aside to pay for future loans. Currently, we are struggling to pay the existing loans. I am very happy with the work done by the Committee because they have made it easy for Kenyans to understand what is happening in this country. In layman terms, a sinking fund is where one sets money aside that does not earn any interest. It means you have so much money that you are capable of paying all the current loans and you have a perfect economy. It also means that everyone in the 47 counties is being paid their salary on time and doctors are not striking because the county governments are not able to meet their contracts. In fact, in basic terms, it means you are setting money aside for a Christmas holiday in the Bahamas. You have enough money right now. You want to wait until Christmas time when you do not have to save money then but can go back to the sinking fund to get money for enjoyment."
}