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{
    "id": 26445,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/26445/?format=api",
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    "content": "Again, there is the issue, I think hon. M’Mithiaru has answered it very well, that was raised by hon. Ongoro with regard to Clause 7(2) – the issue of whether the Cabinet Secretary considers that a debt is more likely to be recovered if the borrower is allowed more time to pay. This is actually not giving the Cabinet Secretary more power. What it is saying is that maybe a county, or a public entity, may have taken a loan and the terms and conditions of that loan are maturing and the loan has not been paid. Rather than automatically saying that that loan is now transferred to public debt, you are saying that the Cabinet Secretary can engage the borrower or lender to see if that particular loan can be restructured to enable that county or that public entity to pay. That way, a loan will not necessarily be automatically transferred to the national debt. Again, I think this is just giving leeway to ensure that all debt is not just accumulated onto the overall public debt. There is room to negotiate to ensure that maybe the entity or the county, is given more time to pay."
}