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{
    "id": 1592999,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1592999/?format=api",
    "text_counter": 467,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM",
    "speaker_title": "Hon. (Dr) Makali Mulu",
    "speaker": null,
    "content": "Mbadi that unless you have it operational by 1st July, we are not going to discuss anything coming from the Treasury? This will help this country. As the Deputy Leader of the Majority Party has said, we have government money lying all over the in commercial banks. That is the money we borrow through buying of Treasury Bills and Treasury Bonds. The government is using the money to buy their bonds and at the end of the day, they are paying interest. It makes all of us look very bad. We need to help the National Treasury so that we get some of these things right for the sake of our country. Hon. Members, I want to share with you some experience. About two weeks ago, we had a serious conference on debt transparency and aligning legal frameworks with good practice. In the meeting, we had the former Finance Minister from Ghana. You are all aware that Ghana has restructured its public debt. They told us in very clear terms that Kenyans should pray to God to never go through a debt restructuring since it is a very bad experience. As Kenyans, that is where we are heading. If it is possible, the Leader of the Majority Party and the Leader of the Minority Party should ensure that we work towards avoiding public debt restructuring as a country if we want to help Kenyans. Colleagues, this will be good for our future generations. There are things we must do in the public interest and put our political interests aside. By doing that, we will be helping ourselves, our children and our future generations. When they come to this country, they will acknowledge that the 13th Parliament set the right foundation for the financial management of this country. If we go that direction, we will help this country. I see the Leader of the Majority Party is in now. Leader of the Majority Party, please; allow me to address you."
}