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{
    "id": 389487,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/389487/?format=api",
    "text_counter": 160,
    "type": "speech",
    "speaker_name": "Hon. A.T. Anyanga",
    "speaker_title": "",
    "speaker": {
        "id": 1321,
        "legal_name": "Andrew Toboso Anyanga",
        "slug": "andrew-toboso-anyanga"
    },
    "content": "savings which the Government can borrow from and which will also increase the returns in terms of what is paid out in Treasury Bills and Bonds. That naturally will also challenge the banks to pay better rates on fixed deposits. Most of the people who fix their money through those kinds of instruments hardly make any form of reasonable returns on their investments. Therefore, the idea of having a very strong financial and fiscal discipline in an economy through having some kind of an insurance system that ensures that all depositors are guaranteed of their savings goes a long way in ensuring that savers and other forms of depositors in financial institutions are well guaranteed of their income. Hon. Speaker, Sir, as we talk about driving this economy into a two digit economy, mobilization and mopping up of savings and giving a framework to ensure that those savings are safe is the best way we can not only guarantee our nationals, but other investors who are in this country that indeed, our financial sector is up and competitive. So, with those remarks, I support."
}