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{
    "id": 26398,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/26398/?format=api",
    "text_counter": 386,
    "type": "other",
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    "content": "infrastructure and such like but Parliament needs to approve before that event. We need to have proper criteria which will let us know for which projects the nation can guarantee. What is making everybody uncomfortable is that the guarantees so far given, many of them to parastatals, have never been met. In Kenya, we have this culture, even when we take loans for our own businesses and farming, we come back to Parliament for write off. So, we never really get a sense of which loans should be guaranteed and which burden should be transferred to the state. I think the Act is necessary for the development envisaged under the devolved governments but we need clarity on our side so that we realize that a county or a government borrowing is like an individual. You should have a business plan that makes sense and shows that the money borrowed is likely to be repaid so that at the end of the day, we do not transfer burdens to the future generations of monies we borrowed and squandered. I beg to support."
}