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{
    "id": 545688,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/545688/?format=api",
    "text_counter": 162,
    "type": "speech",
    "speaker_name": "Hon. Mulu",
    "speaker_title": "",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "With regard to transfer to State corporations, this Supplementary Budget is proposing that this House approves Kshs.500 million to the National Bank of Kenya, Kshs.500 million to Agricultural Finance Corporation and Kshs.500 million to Consolidated Bank in terms of assisting these institutions. The parastatal reforms in the 1990s were informed by the fact that the Government wanted some of these parastatals to stand on their own and stop draining the National Treasury or the Consolidated Fund in terms of getting money which could be used for other activities. We are now in a situation, again, where we are being told to bail out these parastatals. Going this way, we will not be helping his country. Even though I support this, for the future, it will be very bad to see any additional proposals to give funds to parastatals. We have seen what has happened. We are still engaged in parastatal reforms. The whole idea is very good. Kenyans were really hopeful that these parastatal reforms now headed by Hon. Abdikadir would help this country. The reforms are very well documented, but when you look at what has happened in terms of the champions of these reforms, you realize that we are going back to the 1990s again. When you look at the people who have been given the mandate to champion these reforms, I have no doubt as I stand here to say that I do not see these reforms going far. This is because we have recycled people whom I do not think will drive these reforms. If we are serious as a country to have these parastatal reforms then we need to mix the youth and the old – the youth for their energy and the old for their experience."
}