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{
    "id": 1119253,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1119253/?format=api",
    "text_counter": 330,
    "type": "speech",
    "speaker_name": "Sen. Mutula Kilonzo Jnr.",
    "speaker_title": "",
    "speaker": {
        "id": 13156,
        "legal_name": "Mutula Kilonzo Jnr",
        "slug": "mutula-kilonzo-jnr"
    },
    "content": "Thank you, Madam Deputy Speaker. I rise to second this Motion on the report on the status of Kenya’s stock of public debt. Unfortunately for my dear colleagues, Senators and the country, we have no good news to report. We are in debt. In other parlance, we would say we are broke. In some case, we would say Kenya is nearly under receivership. There is a famous saying that when you are in a hole, you stop digging. When I stood here to oppose the increase in debt ceiling, most people heard the words “I oppose”, they did not listen to what I was opposing. I was opposing the system where we have granted Treasury what appears to be a blank cheque to borrow indiscriminately. The motion moved by Sen. Murkomen was that part of the borrowing would retire debt. From the report we have here and Members are at liberty to look at the annexures on the report, Treasury has not begun discussing the retirement of any expensive debt."
}