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{
    "id": 1216050,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1216050/?format=api",
    "text_counter": 207,
    "type": "speech",
    "speaker_name": "Sen. Okiyah Omtatah",
    "speaker_title": "",
    "speaker": null,
    "content": "Thank you, Mr. Speaker, Sir. The question of debt is difficult. This is because there is always a desire to borrow. However, our country has hardly audited our debt. We do not have an audit of the debts we have been borrowing since ndependence. We do not know what audios is and what is genuine. Therefore, to refer to Kenya’s debt as a sovereign may not be accurate. Quite a large number of our debt are regime debts. Regime debts are those that were borrowed by regime to benefit regimes or to benefit owners of those regimes and have no relationship to the sovereign people. Kenya’s high level of debt will raise the fiscal vulnerability and increase interest payments on public debt. Kenya is a member of the East African Community (EAC). We have already breached the limits within the EAC Treaty on borrowing. I am sure that when the Treaty"
}