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{
    "id": 26383,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/26383/?format=api",
    "text_counter": 371,
    "type": "speech",
    "speaker_name": "Mr. Shakeel",
    "speaker_title": "",
    "speaker": {
        "id": 140,
        "legal_name": "Ahmed Shakeel Shabbir Ahmed",
        "slug": "shakeel-shabbir"
    },
    "content": "It appears the way you have left it here, if there is a capital project like a top quality hospital is put up in Bondo or wherever, it will not be able on its own way to show revenue income as a project. However, the county will have income elsewhere. I think (a) should not be the sole requirement or stand on itself. It should say, “The Cabinet Secretary shall not guarantee a loan, unless (a) or (b). (b) meaning that they have income from elsewhere to guarantee revenue to repay the loan. Mr. Temporary Deputy Speaker, Sir, I think it is very important at this moment in time because we have 47 counties. Each of these counties wants top quality hospitals. They will all want the Thika Highways and have all the needs. We will not be able to come to the National Government with our demands. The National Government must be able to ask: “Are you able to pay for it?” If you are not able to pay for it, how should we guarantee it?” Clause 4 (3) says:- “A House of Parliament may approve a draft loan guarantee document as provided by subsection---“ Just come back to the House. The only comment I was going to make in this respect is that the House includes the Senate. Finally, there must be a limit on the loan guarantees. Right now, it is Kshs200 billion. I do not know how we are going to do this but we must have some sort of guarantee limits. That is all. Thank you very much."
}