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{
    "id": 900460,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/900460/?format=api",
    "text_counter": 372,
    "type": "speech",
    "speaker_name": "Nyeri Town, JP",
    "speaker_title": "Hon. Ngunjiri Wambugu",
    "speaker": {
        "id": 13460,
        "legal_name": "Martin Deric Ngunjiri Wambugu",
        "slug": "martin-deric-ngunjiri-wambugu"
    },
    "content": " Thank you. I have some concerns even as I support the concept behind these amendments. Even as we debate on whether we are going to pay within 30 or 90 days, we are basically saying that the money is available. When we introduce a concept for interest, who is going to be charged interest? The people who are going to pay the interests are taxpayers. As a House, we are supposed to legislate for fiscal discipline within the Government but we are now seeking to give the Government a leeway not to pay contractors. What we are being told is that if you give me a contract and you do not pay me within 90 days, you can tell me that you will pay me interest. Again, we have been told that it is not known for how long such interest will accrue. So, an amount of money in respect of a pending bill can accrue interest for even 10 years. Both big and small businesses supply goods and services to the Government expecting the money they have used to accrue some profits. If you are going to wait for six months or 24 months for payment to be made to you, what will happen to your business? Even promissory notes can be accepted by banks."
}