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"id": 1180463,
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"type": "speech",
"speaker_name": "Nominated, ODM",
"speaker_title": "Hon. John Mbadi",
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"content": " Hon. Temporary Speaker, I would want the Chair to listen to this; the administrative cost of this Fund is not going to be met from the 8 per cent unless you have a different set of regulations. It is clear that the administrative cost of the Fund shall be met through appropriations of the state department responsible for matters relating to micro, small and medium enterprises. It has nothing to do with the 8 per cent. You have been misleading the House. What is the 8 per cent for? I still want to insist that this 8 per cent is too high. You cannot compare the base lending rates with what we should charge the poor Kenyans out there. The reason why the base lending rate is where it is today is because of the overborrowing by the Government. What the Kenya Kwanza Government should do, and I thought that is what you promised us on rallies, is to maintain fiscal discipline to help manage the monetary policy of The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}