Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1199198,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1199198/?format=api",
    "text_counter": 424,
    "type": "speech",
    "speaker_name": "Nandi Hills, UDA",
    "speaker_title": "Hon. Bernard Kitur",
    "speaker": null,
    "content": "The public debt rose in 2013 from 42 per cent to 50 per cent. This has exposed our country to a lot of foreign exchange risks. For instance, I understand that between June 2021 and June 2022, our external debt rose by Kshs290 billion without borrowing even a single shilling from abroad. This is because every time there is a depreciation of the shilling by Kshs1, we lose Kshs40 billion. For that reason and for the sake of the economy of this country, I support the President when he said that we cut down our recurrent expenditure in three years, so that we may have an expenditure surplus. As Parliament, we should speed up to revise the current Budget to ensure that there is no borrowed money that ends up in recurrent expenditure. I am just saying this because it is something that affects us, as a country. Secondly, Hon. Temporary Deputy Speaker, I want to touch and give my views on the hustlers’ fund because most of the people in Nandi Hills are hustlers. This is a matter that they are very keen to listen to. It is a dream that we have harboured. I support the President when he said that he would implement it in the best way using technology. This is highly welcome, so that it does not go the way of the Youth Enterprise Development Fund where almost 60 per cent of the funds are in default. I also propose to have a business hustlers’ fund within the hustlers’ fund which will be strictly based on merit. Till or pay bill numbers will be used to look at the transaction history of the businesses. They will work together with the telecommunication companies. That will bring money that can circulate. So, I support the President’s move. Lastly, I want to also thank the President on matters of Credit Reference Bureau (CRB). He has helped about 4 million Kenyans to be removed from CRB. It is a very retrogressive, repressive, punitive and insensitive financial...."
}