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{
    "id": 1503306,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1503306/?format=api",
    "text_counter": 546,
    "type": "speech",
    "speaker_name": "Kesses, UDA",
    "speaker_title": "Hon. Julius Rutto",
    "speaker": null,
    "content": "We need to understand the formula of a macro economy; that the Government Spending Factor (Factor G) in that particular formula, plays a crucial role in facilitating the movement of funds from the coffers of the national Government, the taxes that the people have paid, and moves to the people of Kenya. The other issue Hon. Temporary Speaker that I would wish to weigh in, is the aspect of introduction of penalties on those who participate in unscrupulous and crude ways of doing work. There are those who participate in the procurement process, including the accounting officer who in this case is a procuring entity. These penalties serve as discipline and I want to believe that going forward, we will have a procurement process that is free from corruption, free from influence, free from influencing an opportunity for people who are aligned in a specific way. All Kenyans will have a transparent manner in which they can participate in procurement processes, and restore confidence in our economy. Hon. Temporary Speaker, time is not on my side but, lastly, I want to appreciate that even as we look at this amendment, there is the aspect of transfer of technology and the aspect of building our economy. We are suffering with the issues of foreign exchange reserves. With this particular amendment, we will enable Kenyans to spend their local currency here as they build our nation as opposed to using foreign money, and in the long-run we end up losing our currency. Thank you, Hon. Temporary Speaker."
}