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{
    "id": 1250617,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1250617/?format=api",
    "text_counter": 1715,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "I will take a few minutes to highlight two issues: one, the Departmental Committee on Finance and National Planning is concerned about the huge balances that are held by several MDAs andSAGAs across the Government. We have funds that are being allocated to departments for particular purposes and when they delay, they earn interests at the expense of other MDAs that, probably, would have a more urgent need of absorbing those particular funds. I am happy that when we made this presentation to the Budget and Appropriations Committee, they gave us a mandate to look at the balances that are held in the bank accounts of all Government agencies and where such balances should not be in those accounts, they should be returned to the National Treasury or be absorbed. We cannot be borrowing money when some of our agencies are earning interests in the bank from the same monies belonging to taxpayers. The Public Finance Management Act gives the mandate of holding public funds to the Principal Secretary of the National Treasury."
}