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{
    "id": 1592121,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1592121/?format=api",
    "text_counter": 478,
    "type": "speech",
    "speaker_name": "Wajir East, JP",
    "speaker_title": "Hon. Aden Mohammed",
    "speaker": null,
    "content": "per litre of fossil fuel. By borrowing, we are creating a debt that will be borne by the next generation. We are borrowing that money to repay pending bills, not for development. Therefore, I urge this House to be very aware of the issue of securitisation. The Public Debt and Privatisation Committee will bring more reports on this issue. The House should at least come up with a policy on intergenerational borrowing. We are borrowing now and loading it to the generations to come. Finally, I would like to comment on the issue of TSA. We borrow money through domestic borrowing. All the MDAs keep their money in commercial banks. That very money from the public is being used by banks to buy bonds, from which they earn interest. Because of that, this Committee has recommended that we embrace the TSA system. This is not the first time we are recommending it. We recommended it last year and the year before. It is time that Parliament, through the Committee on Implementation, became serious and forced the National Treasury to adopt TSA idea. Thank you, Hon. Deputy Speaker."
}