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{
    "id": 1216791,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1216791/?format=api",
    "text_counter": 72,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": "Hon. Speaker, we also have grants to our counties, which is about Ksh300 billion in the current financial year. Clearly, as the leadership of this country, we have an obligation to think deep on how to make our budgets because we cannot continue making a deficit budget perpetually, especially that which enlarges the deficit every passing year. That is what informed the President, the National Treasury and ourselves to come up with a formula to cut borrowing in this country. That is the situation that led to the famous Ksh300 billion cut that was foreseen on reducing the fiscal deficit in our country so that we do not descend into an abyss of financial imprudence."
}