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{
"id": 1222140,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1222140/?format=api",
"text_counter": 208,
"type": "speech",
"speaker_name": "Wajir South, ODM",
"speaker_title": "Hon. Mohammed Adow",
"speaker": null,
"content": "Kenya’s public debt raises more questions than answers. One of the things that many Kenyans and I worry about is whether we are in debt distress. Is our debt sustainable? Another question is whether it is time for restructuring our public debt. By the time President Mwai Kibaki left office, we had a public debt of Ksh1.89 trillion. The Government that took over from him raised that figure to Ksh8.7 trillion which is a huge jump. Kenyans have a right to know the terms of those loans. The loans from China are frightening. We hear frightening stories of nations in various parts of the world where state assets are taken away because of defaulting on some of those loans. The rapid accumulation of debt, particularly from China, is really worrying. Where I come from, North Eastern, people do not see those massive projects that some of those loans have been sunk into. They are in pain because they have to dig deeper into their pockets to pay for those debts when they have nothing to show for it. That is a major concern."
}