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{
    "id": 611811,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/611811/?format=api",
    "text_counter": 204,
    "type": "speech",
    "speaker_name": "Hon. Irea",
    "speaker_title": "",
    "speaker": {
        "id": 1335,
        "legal_name": "Gideon Mwiti Irea",
        "slug": "gideon-mwiti-irea"
    },
    "content": "That is why I am saying that if we have money that is not being used immediately, we will end up with a reserve bank, from which money can be borrowed by the county governments at a fixed rate. The way it is now, county governments borrow money even when they have some money in the reserve account. Why? The interest rate at which county governments borrow money from commercial banks for a period of between three and six months is very high. This promotes corruption because they can go back to share the spoils."
}