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{
    "id": 967960,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/967960/?format=api",
    "text_counter": 580,
    "type": "speech",
    "speaker_name": "Lugari, ANC",
    "speaker_title": "Hon. Ayub Angatia",
    "speaker": {
        "id": 2153,
        "legal_name": "Ayub Savula Angatia",
        "slug": "ayub-savula-angatia"
    },
    "content": "On the same note, my party leader advised the experts at the national Treasury, that if they really want to effectively manage public debt, they should create a Public Debt Management Authority. Why should we have the Kenya Sisal Board, National Employment Authority and the Kenya Urban Roads Authority, when an important parastatal, the Public Debt Management authority, is not in existence in this country? How are we going to manage our public resources? If we put it under a department under the Cabinet Secretary in charge of national Treasury, we will be doing zero work. There is no efficiency. We know how civil servants work. In a parastatal, we will have functions, a board that will control and regulate a CEO who will report and one who will be accountable. The Authority will be accountable to Parliament so that we know how to manage the debt. If we do not have a Public Debt Management Authority and leave it to the civil servants at the national Treasury and just create a debt management desk, we will be doing zero work. We will be killing this country. If we kill the country, we will burn together. Right now there is little money in circulation because we did not manage our debt properly. The national Treasury has no money to pay suppliers. The President directed that the suppliers be paid. Are they being paid? There is no money to pay them. The Auditor-General has The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}