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{
    "id": 1169616,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1169616/?format=api",
    "text_counter": 245,
    "type": "speech",
    "speaker_name": "Sen. (Dr.) Musuruve",
    "speaker_title": "",
    "speaker": {
        "id": 13188,
        "legal_name": "Getrude Musuruve Inimah",
        "slug": "getrude-musuruve-inimah"
    },
    "content": "Thank you, Madam Temporary Speaker, for giving me an opportunity to add my voice to this debate. I would like to thank the Committee led by Sen. Faki for bringing in stakeholders to look at critical issues raised on the Floor of this House and for making their observations. One of the observations is that in 2019, the debt ceiling was Kshs9 trillion, but the projection was up to 2024. It was anticipated that the debt of Kshs9 trillion was enough for smooth running of the country. However, the COVID-19 pandemic came in. We all know the impact of it and what happened because everything slackened. All socio-economic sectors and businesses were affected. For example, tourism and education sectors were affected. It is not only in Kenya that things slackened economically even other parts of the world were also affected. We also have the war in Ukraine that was not predicted. These are disasters that were unforeseeable. With all these disasters, the dollar appreciated which led to depreciating of the Kenyan shilling. It is worth noting that if you have to do any big project, that is if you are not stealing from anywhere, you must take loans. You cannot do a big project without loans. Even when the economy goes down, you have to look for a way of borrowing do mega projects."
}