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{
    "id": 1213900,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1213900/?format=api",
    "text_counter": 271,
    "type": "speech",
    "speaker_name": "Karachuonyo, ODM",
    "speaker_title": "Hon. Adipo Okuome",
    "speaker": null,
    "content": "Public debt comprises of domestic borrowing and foreign borrowing. On foreign borrowing, it is better because it is cheaper but, since we borrow in foreign currency, the rate at which we will be paying is increasing depending on the behaviour of our Kenya Shilling in the market. I do not know which one you will say is better. Local borrowing also has its disadvantages of denying our local people money to do business. That is because the Government is competing with them. The Government borrowing is attractive to banks more 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."
}