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{
    "id": 1056502,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1056502/?format=api",
    "text_counter": 194,
    "type": "speech",
    "speaker_name": "Saku, JP",
    "speaker_title": "Hon. Ali Rasso",
    "speaker": {
        "id": 13473,
        "legal_name": "Dido Ali Raso",
        "slug": "dido-ali-raso"
    },
    "content": "Hon. Temporary Deputy Speaker, the BPS is about certain principles that the country must study as we look at the Printed Estimates. It is about the assessment of the current economic situation. The Member who spoke before me is a former Minister for Finance. When he was in charge – there was no COVID-19 and other serious calamities then – they were able to manage the economy. We had a lot of money in our pockets and there was a lot of development and Kenya was developing so fast that today everybody wants us to go back to the Kibaki years, but we have to move with the times. Hon. Temporary Deputy Speaker, our debt is now at Kshs7.3 trillion, which is 65 per cent of our GDP. Considering the global trends in terms of borrowing and making the best use of borrowed money, where we are is still sustainable. The problem that is likely to arise is when the money borrowed is put in projects that are not likely to plough back into the economy. There are issues on the expenditure ceiling. The departments under the purview of the Departmental Committee on Defence and Foreign Relations had high ceilings. When we looked at the reality, the only department that lost money is that of Regional Development Authorities (RDAs). In my view, that was a serious misnomer because the RDAs are working with communities. They include Ewaso Nyiro North, Ewaso Nyiro South, Kerio Valley Development The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}