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"id": 850550,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/850550/?format=api",
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"type": "speech",
"speaker_name": "Kiminini, FORD-K",
"speaker_title": "Hon. (Dr.) Chris Wamalwa",
"speaker": {
"id": 1889,
"legal_name": "Chrisantus Wamalwa Wakhungu",
"slug": "chrisantus-wamalwa-wakhungu"
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"content": "Having said that, let me mention briefly the issue of time value of money. When it comes to allocation of these funds, I know once appropriation has been done, money is given but money to the Registrar of Political Parties always takes forever. In fact, it is the last one. In finance, there is time value for money. A shilling today is not the same as a shilling tomorrow. So, there must be a way to get a model. If the political parties funds are going to delay before they are disbursed the way it has been happening, they must be attracting some interest because political parties have programmes that must continue. They give out their plans. So, for their plans to move on, this money must be disbursed on time, but since the promulgation of this Constitution, the political parties funds are normally released at the last minute, at times with so much pressure. The Cabinet Secretary at times does not seem willing to release this money to the political parties. So, it is important that when it comes to disbursement, it must be done within the timeframe."
}