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{
    "id": 1461470,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1461470/?format=api",
    "text_counter": 263,
    "type": "speech",
    "speaker_name": "Kinangop, JP",
    "speaker_title": "Hon. Kwenya Thuku",
    "speaker": {
        "id": 13380,
        "legal_name": "Zachary Kwenya Thuku",
        "slug": "zachary-kwenya-thuku"
    },
    "content": " Thank you, Hon. Temporary Speaker, for your magnanimity and generosity. On the Single Treasury Account, we are saying that no government entities and corporations should run unwarranted bank accounts. We should have one account and consolidate all monies in the Central Bank of Kenya. We do not need to go to commercial banks in the event the government wants to borrow any idle money. Government can spend its own money and keep pushing monies to entities that require them as they collect when they require them. We have witnessed massive corruption through government entities having bank accounts in commercial banks and negotiating unaccounted interest rates with banks. Developing or inception of a Single Treasury Account is the way to go."
}