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{
    "id": 482375,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482375/?format=api",
    "text_counter": 175,
    "type": "speech",
    "speaker_name": "Hon. M’uthari",
    "speaker_title": "",
    "speaker": {
        "id": 1576,
        "legal_name": "Joseph M'eruaki M'uthari",
        "slug": "joseph-meruaki-muthari"
    },
    "content": "is not used properly to make it accessible and of more benefit to the contributors. The proposals made to the NSSF Act will be very helpful in terms of streamlining the operations of the Board. There will be need to provide a balance sheet to show the liabilities and the assets of the Fund periodically. This will make it possible for the workers to have clear information in terms of the funds that are being collected, how they are being utilized and in what areas they are being put in place. This statement of accounts, as proposed here, to be audited as per the international standards of accounting procedures, is important. This will provide an opportunity to safeguard the members’ contributions. It is in this regard that I think the proposals in the Finance Bill are important and they need to be looked into in a broader scope so that, at the end of the day, whatever resources are collected can be put into those sectors that would have far-reaching effects or impact. If the money collected through the NSSF or through other Funds could be borrowed for capital investments like infrastructure investment, this would also make it possible for the Government to invest in those sectors. There will be money that will be less costly that can even be borrowed from financial institutions or multi- nationals. I also appreciate the steps taken by the country where we are collecting more taxes from within and funding most of our projects. That will stimulate growth. When we fund most of our Budget, then our people will live with dignity. With those remarks, I support."
}