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{
    "id": 358662,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/358662/?format=api",
    "text_counter": 327,
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    "content": "handouts or subsidies from the central Government. I really do not see how the county governments will manage this. This, in my view, is tantamount to spoon-feeding the county governments. We are pushing the county governments to look for investors and surely this is not one of the ways of looking for investors. The other reason is that these parastatals were set up using taxpayers’ money and handing them over to particular counties will be unfair to those counties whose tax was utilized. They will have nothing in the end because they will not have any parastatal handed over to them. The world over, the requirement of the World Bank and the IMF is that we should be privatizing institutions. If this is done, we will be going back to state regulations which do not help in the economic development of our country. The best thing to do is to gradually privatize these parastatals. We should then allow other people from the counties to benefit by buying shares in the parastatals. The other benefit is that by privatization, efficiency will be promoted. The tax base of the parastatals will also be widened and everybody will benefit. Giving them out at this particular time--- Even if the debts were written off, there is no guarantee that the county government will not, again, build up these debts given the inefficiency that any Government-run organization always comes up with. For those reasons, hon. Deputy Speaker, I oppose this Motion."
}