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{
    "id": 1103189,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1103189/?format=api",
    "text_counter": 232,
    "type": "speech",
    "speaker_name": "Sen. (Eng.) Hargura",
    "speaker_title": "",
    "speaker": {
        "id": 827,
        "legal_name": "Godana Hargura",
        "slug": "godana-hargura"
    },
    "content": "If you look at the kind of budgets we have been operating for the last few years, we have been having a very high deficit. We continuously had to borrow. We have been going into debt because of that borrowing. However, the idea behind this fund is supposed to be setting aside funds that can be used in future to pay debts and redeem bonds. As it is now, we do not have that luxury because we have a lot of deficit. Instead of living within our means, we have always been having budgets where we are servicing debts of up to a trillion shillings and still borrow about a trillion shillings each year to service our budget while we are still paying debts. I do not know how someone will be thinking of setting aside funds when we are not even living within our means. We are still digging ourselves deeper into debt instead of concentrating on how to come up with a budget which we can sustainably finance."
}