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{
    "id": 1119298,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1119298/?format=api",
    "text_counter": 375,
    "type": "speech",
    "speaker_name": "Sen. Cheruiyot",
    "speaker_title": "",
    "speaker": {
        "id": 13165,
        "legal_name": "Aaron Kipkirui Cheruiyot",
        "slug": "aaron-cheruiyot"
    },
    "content": "Madam Temporary Speaker, borrowing is a must for any of these people that are coming to run this country. How do they do it? That is why we have made this proposal. Indeed, as a country, we must continue to increase and think what other countries are doing to manage their economies better. This non-debt financing option remains to be one. Let us go back to our pension institutions and generate revenue and use that financing soundly. The cost of doing many of our projects is prohibitive. The law that we recently passed here, as a House, on Public Private Partnerships (PPP) gives us one other avenue, so that we ensure that we are not crowding the Exchequer. Let us do projects in a sustainable manner. Madam Temporary Speaker, those are my thoughts. I do support this Report. I look forward to those legislative proposals as they come from the Ministry of National Treasury, so that we at least fix this particular issue. Otherwise, if we do not do it, I consider it to be the biggest challenge that we are facing as a country. This is because if we do not rise up to this challenge and address it, then in the fullness of time, as a country, we will go the Greece way. That will be unfortunate because it will leave a big scar on all our faces. It will not matter whether you are in opposition or Government. So long as you are a leader in the Republic, people will have questions."
}