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{
    "id": 1077013,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1077013/?format=api",
    "text_counter": 219,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. John Mbadi",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "Secondly, of course, it has been talked about: the debt levels. This must be managed. Between 2013 and 2019, we went into a borrowing spree as a country and borrowed expensive loans. Right now, we are borrowing loans, some of which are at zero interest and with very generous repayment periods. From 2013 to 2019, we were careless as a country. We did not care where we were borrowing from. We went out there to borrow the Euro Bond at 8 per cent. We came back with that money and some of it was stolen while some of it was used to clean streets and on things that do not add value to the economy. Therefore, we were borrowing money but we were not putting it in productive sectors of the economy. How else do we expect to be able to pay the loan when the time comes?"
}