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{
    "id": 1245436,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1245436/?format=api",
    "text_counter": 150,
    "type": "speech",
    "speaker_name": "Sen. Cheruiyot",
    "speaker_title": "The Senate Majority Leader",
    "speaker": {
        "id": 13165,
        "legal_name": "Aaron Kipkirui Cheruiyot",
        "slug": "aaron-cheruiyot"
    },
    "content": "Is it not possible that as the Senate, we gather the collective wisdom of all the colleagues that are here and demand of the national Government that they issue a bond specifically for funding devolution and whatever money they attract on that particular bond be put in a consolidated account and then we have the national Government continue to add on that particular kitty as the month goes by? This will ensure that if you issue a bond of maybe Kshs200 billion or Kshs300 billion, and I know, it is not easy to attract such monies but it is possible if we went out of our way. I have seen what the World Bank and the Government of China have been able to do on a specific department like the roads department by raising a US$1 billion or US$2 billion dollars. We could start with even just Kshs100 billion and have the National Government know that this is what they will spend in about three to four months because we are developing here Kshs385 million. If you check over a long period of time you will observe that there is always a delay of between two, three or four months most of the time. In between that period, that money will be sufficient such that each county knows that by the 2nd or 3rd of every month, they will have received their expected disbursement on that month. Then the National Government, because we understand the economic situation that we find ourselves in, fills up into that particular bond and the CRF account for devolution can be set up at the Central Bank of Kenya such that after three months that constant figure of Kshs100 billion is never moved. Any time it reduces, there is a top-up because it is impossible to imagine that we will develop our counties if governors have to wait for three, four, five, or even six months sometimes before they get their disbursement. This problem is not likely to go away soon, especially with the debt situation that we find ourselves in. We have to think and by resolution or whatever means, demand of the National Treasury to come and appear before this House and give a proposal. We will have ours but it cannot continue like this. The present system that is being used is not tenable. This is not devolution as expected from us as and as enshrined in our Constitution. Mr. Speaker, Sir, with those very many remarks, I beg to support and celebrate the good work of the Members of this Committee. Thank you."
}