Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1352660,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1352660/?format=api",
    "text_counter": 2420,
    "type": "speech",
    "speaker_name": "Mosop, UDA",
    "speaker_title": "Hon. Abraham Kirwa",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker, for this opportunity to support this Report of the Public Debt and Privatisation Committee. I truly want to commend the Committee for the great job that they have done. This Committee plays a huge role in making sure that the loans that this country undertake are actual loans that can be disbursed, accounted for, and go towards what they were intended to do. I want to support some of the suggestions and recommendations from this Committee because looking at some of the loans, this country undertook a huge loan but the amount of loan that was disbursed was only 11 per cent. During the review of this loan, it was noted that only three loans totaling to Ksh24.2 billion, primarily commercial loans, had been partially disbursed indicating a disbursement rate of only 11 per cent. The rest of the loans were not disclosed as to whether they were disbursed or not in a timely manner. As such, the country committed to take these loans and it continues to pay commitment fees which is continuously causing the country to pay a lot of money without the loans being used within the country. Recommendation 8.3 of the Committee Report, says that in order to facilitate the oversight of debt and to promote transparency and accountability of loan contracts entered into, the National Treasury should attach the contract signed against each submitted report and should not enter into any contract that does not adhere to the principles of public finance as set under Article 201 of the Constitution. Hon. Temporary Speaker, this will help us because for every contract that is signed, Parliament should look into who signed it, what it was intended for, and how it is going to help this country."
}