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{
    "id": 1343017,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1343017/?format=api",
    "text_counter": 620,
    "type": "speech",
    "speaker_name": "Hon. (Dr) Makali Mulu (",
    "speaker_title": "",
    "speaker": null,
    "content": "Kitui Central, WDM): Thank you, Hon. Temporary Chairman. As I support the Second Reading of this New Clause, it is important that we note a few things. Unless a Government institution is commercial in nature, it is not out there to make money. We are now talking about a Government institution investing money in things like trust funds, which are Government securities. Why would a Government institution invest resources when the Government is borrowing resources from other sources? We need to approach the issue of investment very cautiously. I have seen this principle being applied to other funds that we are creating such as the Social Health Insurance Fund. The proposal to invest money keeps coming up. We need to tread very carefully so that the Government does not borrow money from banks which also hold Government deposits."
}