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{
    "id": 1222260,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1222260/?format=api",
    "text_counter": 328,
    "type": "speech",
    "speaker_name": "Kipipiri, UDA",
    "speaker_title": "Hon. Wanjiku Muhia",
    "speaker": null,
    "content": " That means I have to conclude my speech in five minutes’ time, and I will. Hon. Temporary Speaker, the Report indicates that the National Treasury should have a single account. This is very important in money management because they will see all SAGAs and even bring the financial status to Parliament if the money is unspent within six months. In line with this, I want to provoke the minds of the Committee Members and ask them if they could consider amending the Public Finance Management Act. The second recommendation from the Committee on financial recommendation is that the deviation from the approved borrowing strategy will require the approval of the National Assembly. I would ask and persuade them, if they could consider amending the PFM Act by asking that any money that is being borrowed should be approved by Parliament. Why do I say so? We borrowed money for the Standard Gauge Railway, which is a story we all know. I do not consider that the money was spent responsibly. If you happen to travel by SGR trains to Mombasa, you will find quite a number of assets that have been built by the loan borrowed. This means that if the amount that was to be borrowed was squarely for the railway, it would have been much less. If you travel to Mombasa or from Mombasa, you find quite a number of assets along the way. There are some houses that no one occupies. That is wasted borrowing. Maybe, if Parliament approved a borrowing of Ksh200 billion, we might have saved Ksh20 billion. I persuade the Committee to consider my thoughts. We may want to go that direction."
}