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{
    "id": 1173480,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1173480/?format=api",
    "text_counter": 225,
    "type": "other",
    "speaker_name": "",
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    "speaker": null,
    "content": "investments on the billions that we are borrowing. We cannot continue to be supply driven in terms of development instead of being in a demand driven trajectory that is required in a developing country. I saw one of the presidential candidates launching his manifesto yesterday. He said that one of the things they will do when they come into the Government is debt restructuring. He said that they will request the World Bank to restructure the debt. They are saying that we are in the red zone and we require debt restructuring. Here we are saying we cannot do the next Budget in this country without borrowing. This means there is a problem. Why are we not allowing the next Government to come to this Parliament and request for that money so that they are able to do their budget? Everybody in this country is saying that there is a problem with debt, but here we are going on a different trajectory and saying we want to allow them to do another Kshs10 trillion. Hon. Speaker, I want to oppose that and say it is not healthy for this country. This country is going the Sri Lanka way. We have heard of the oil factory in Kilifi closing down because of lack of dollars. Dollars have been scarce in this country. What does that tell us about the economy? Where is this economy going? We are mismanaging this economy. The Leader of Majority Party was once the Minister for Finance and he did well then. Now he has been brainwashed by this Government that he cannot use that knowledge to manage this economy better than he did at that time because he cannot tell the President this is the wrong way to go. Then, he could do it because it was Kibaki. He cannot handle the current President and he says yes to everything; including borrowing in a way that it is not acceptable in this country. Hon. Speaker, I want to oppose this and urge Members to oppose this and teach these people a lesson that you cannot take this Parliament for granted. Thank you, Hon. Speaker."
}