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{
    "id": 1382357,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1382357/?format=api",
    "text_counter": 243,
    "type": "speech",
    "speaker_name": "Kitui Rural, WDM",
    "speaker_title": "Hon. David Mwalika",
    "speaker": null,
    "content": " Okay. As a country, we cannot afford to pay Ksh3 billion. We need professional negotiators who can negotiate so that we pay loans in instalments. The implementation of the Treasury Single Account is something which was proposed a long time ago. However, there is a lot of resistance from the National Treasury or the Government agencies. I was talking to somebody who was telling me that Government agencies and parastatals have over Ksh200 billion held in private banks. However, the Government borrows money from there and pays interest on it. The Treasury Single Account should be implemented so that all that money is mopped up and put in the Central Bank of Kenya. The Government can then borrow the money, use it and repay when in a position to do so."
}