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{
    "id": 1222177,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1222177/?format=api",
    "text_counter": 245,
    "type": "speech",
    "speaker_name": "Kathiani, WDM",
    "speaker_title": "Hon. Robert Mbui",
    "speaker": null,
    "content": "acquire the land. How do you borrow, have money in your account but not the land, and then you start figuring out where to get the land? Ensure there is money you are going to contribute before you borrow because there is money that you are supposed to counter-fund. If there is some money you are supposed to put in, have it ready so that you immediately put in your share to release the whole amount. Updates, designs and feasibility studies must be ready. It is very important we figure out how we can hold certain individuals responsible. I think the former Cabinet Secretary, the National Treasury was in court because of some of these problems. Why would you spend money before we are ready? You remember the case of Kimwarer and Arror dams. Money was released yet we were not ready for the project. In fact, even the people who live on or around that land did not know a mega project was coming there. It is important we, as a country, organise ourselves so that we get out of this hole. Establishing a sinking fund is also critical because we have already borrowed quite a lot. If some of these loans become due and we are not prepared, we will suddenly become insolvent. It is important we ensure we have a sinking fund—a fund where you keep putting in money so that by the time those loans mature, they can be sorted out without undue pressure on the economy. This is a brilliant idea that needs to be encouraged and started, not even now or today but yesterday. I note from the Report that county governments have also been borrowing. They have been borrowing and the cost of those loans is now part of the budget. We may need to agree with the Committee that county governments must get a guarantee from the national government before they borrow. They must be approved so that they do not go out of the way and spend money which is not approved by Parliament. Otherwise, with those few remarks, I support the Committee’s Report."
}