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{
    "id": 418623,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/418623/?format=api",
    "text_counter": 229,
    "type": "speech",
    "speaker_name": "Hon. (Prof) Nyikal",
    "speaker_title": "",
    "speaker": {
        "id": 434,
        "legal_name": "James Nyikal",
        "slug": "james-nyikal"
    },
    "content": "Thank you, hon. Speaker, for giving me this opportunity to contribute to this Motion. I stand to support this Motion. I must start by expressing my appreciation to the Committee – to which I am a Member - and the leadership of our Chair. It was hard work and one of the reasons that have been noted is that we got the Report late. I think that has been said as an extremely important point. That may account for some of the shortcomings that have been expressed by several Members here. The other issue that we noted as a Committee and that, I think, we need to take up is the issue of lack of synchronization of reports when they are brought to this House, particularly this particular Budget Policy Statement. It is not synchronized with what is happening in the counties. We know this policy statement will lead to the Division of Revenue Bill. I think, either through the Senate or whatever route we will take, it is important to synchronize the two processes, so that the process at the county and the process here work in a synchronized way. That way, when we are looking at the Budget process, we will know how to look at the Division of Revenue Bill. I think that is an important point that we should look into. The other issue that I think we need to address, as a nation, is interest rates. I do not understand how people are expected to borrow at 20 per cent, make a profit and still repay those loans. We may have to, as a House, look again at the Donde Bill. I think banks are fleecing us. With regard to the amendments that have been proposed, I really support them. I support the issue of youth polytechnics. Hon. Mwaura mentioned the large number of youths who drop out after primary school. Where do those kids go to? They have no skills. Even the Youth Enterprise Development Fund that has been in place and the"
}