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"type": "speech",
"speaker_name": "Suba South, ODM",
"speaker_title": "Hon. John Mbadi",
"speaker": {
"id": 110,
"legal_name": "John Mbadi Ng'ong'o",
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"content": "Hon. Speaker, allow me to talk about my pet area, that is the debt servicing. Servicing of public debt has come home to roost. There is no single year I have ever stood in this House without talking about how we are reaching levels of debt unsustainability. It is the only expenditure that is increasing followed by expenditure on defence and security related entities. I stand here again to shout loudly that we have been borrowing to finance recurrent expenditure. Figures do not lie. On a yearly basis, at least, between 2 and 5 per cent of our recurrent expenditure is financed through borrowing. This is why we are back to the International Monetary Fund where we are being subjected to performance criteria and where we have to report on certain actions."
}