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{
    "id": 975532,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/975532/?format=api",
    "text_counter": 300,
    "type": "speech",
    "speaker_name": "Hon. Makali Mulu (",
    "speaker_title": "",
    "speaker": null,
    "content": "Hon. Speaker, the question is how county economies grow in a situation where they are not collecting their own revenue. Even when they collect money, there are many leakages. So, we need to have a clear policy in terms of revenue resources for counties. In this Report, that does not come out clearly in terms of how to ensure that counties increase their revenues and also make good use of those revenues. The other important point is the issue of what the BPS calls contingency liabilities. It is a constitutional requirement that when counties or parastatals borrow money, they must be guaranteed by the National Treasury. When they default in terms of repayment, the National Treasury has to pay because it guaranteed them. We require a very clear policy statement in terms of how to handle the issue where some parastatals have been devolved and the National Treasury has to use the meagre revenue that we are collecting to bail them out."
}