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{
    "id": 878150,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/878150/?format=api",
    "text_counter": 591,
    "type": "speech",
    "speaker_name": "Sen. Mutula Kilonzo Jnr.",
    "speaker_title": "",
    "speaker": {
        "id": 13156,
        "legal_name": "Mutula Kilonzo Jnr",
        "slug": "mutula-kilonzo-jnr"
    },
    "content": "Mr. Deputy Speaker, Sir, perhaps, in the course of this financial year or next maybe, we should have a joint committee to ensure that we participate in this process. When the Supreme Court said that the Senate must have a voice on budgets, this is what they meant. This is a very important process and we should enlighten our colleagues. This is the time to deal with the questions that affect this country. Sen. Halake talks about budget collections and our revenue. This is a contradiction because progressively, if you read the Budget Policy Statement (BPS), the country’s economy has been improving. It says that we are moving from 5.3, 6.1 and we are going up though the figure on revenue collection has been going down. Therefore, one of the two is incorrect. It is either the projection on the growth or the projection on collection. However, somebody whispered that this over projection on revenue collection and budget is what is creating the avenue for borrowing and that is where the gap comes in. Sen. Olekina whispered to me that this bad habit has now been copied by our counties where they over project on everything so as to create pending bills and opportunities for borrowing. The gaps that you see here are the ones that have led to the Chinese debts. Somebody told me yesterday that the World Bank is wondering why nobody is going for their cheap loans. The reason is that the Chinese loans are sweet because they have a 2.5 per cent incentive for any person who negotiates. It is called official corruption. The Chinese are so corrupt. They are going to destroy this country so badly The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}