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{
    "id": 431906,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/431906/?format=api",
    "text_counter": 153,
    "type": "speech",
    "speaker_name": "Hon. S.S Ahmed",
    "speaker_title": "",
    "speaker": {
        "id": 140,
        "legal_name": "Ahmed Shakeel Shabbir Ahmed",
        "slug": "shakeel-shabbir"
    },
    "content": "Thank you, hon. Speaker. I stand to support the amendments with certain corrections. In Clause 3 of the Public Finance Management Bill, the amendment proposes that all funds from the donors be put in the Consolidated Fund. The thought is good that we need accountability, but many of these funders do not wish to have their funds put in Consolidated Fund Account. Anglo Leasing and other problems have given us a bad reputation, but there is already a system that is presently being used, where certain funds are ring-fenced and left in the Central Bank of Kenya (CBK). If the Chinese were to give money for the railway project, it would be put, in Chinese Yen, in CBK account or even in the central bank of china. It would be ring-fenced. For any transaction, it would require the approval of the donor and that of the recipient. I think that is the way counties would want to see it handled so that it does not get swallowed up in the Consolidated Account. By using that system, we can also have the public procurement system in action because we can say who is to be paid. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}