Entry Instance

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

{
    "id": 1213848,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1213848/?format=api",
    "text_counter": 219,
    "type": "speech",
    "speaker_name": "Nyaribari Masaba, ODM",
    "speaker_title": "Hon. Daniel Manduku",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker, for giving me the opportunity to make my contribution to this important Report. It is only in Kenya where we spend Kshs1.5 trillion on account of the Consolidated Fund Services Expenditures. If you look at it critically, they are more than 100 per cent of our recurrent expenditure and more than two-and-a-half times our development expenditure. Under these circumstances, the country cannot develop. Furthermore, with a debt ceiling of about Kshs10 trillion, currently running more than Kshs9 trillion in debt and growing, this country faces a huge task to ensure that we get adequate resources for development. The national debt when borrowed carelessly - as it is clearly evident - becomes a generational curse. The National Treasury is using unorthodox methods in trying to raise this ceiling by purporting to advise this House that future borrowing should be pegged as a percentage of the Gross Domestic Product (GDP). They will tell you that in Japan and the USA, the debt-to-GDP ratio is more than 100 The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}