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"id": 1117559,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1117559/?format=api",
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"type": "speech",
"speaker_name": "Sen. (Prof.) Kindiki",
"speaker_title": "",
"speaker": {
"id": 1046,
"legal_name": "Kithure Kindiki",
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"content": "The stock piling of debt is a matter of grave national concern. At the moment, the total debt in the country remains unclear. The Executive continues to deny that they have mortgaged the county and that the debt is not sustainable. At 70 per cent of Gross Domestic Product (GDP), Kenya‟s debt is not sustainable. I will explain why. I know that in many countries, the level of debt is quite high compared to the GDP. For example, the United States of America (USA) is about 110 per cent. In Singapore, it is about 165 per cent. In Japan, it is 250 per cent. However, we should not be deluded that this country can sustain the debt levels currently at 70 per cent of GDP. There are two main reasons for this. The first one is who owns the debt?"
}