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{
    "id": 1222232,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1222232/?format=api",
    "text_counter": 300,
    "type": "speech",
    "speaker_name": "Hon. Peter Kaluma (",
    "speaker_title": "",
    "speaker": null,
    "content": "The second thing is on the issue of equity in these debts. The main foundation of a nation is that everybody owns the resources of a country and everybody should equally share them. I come from Homa Bay Town Constituency. If you ask the people of Homa Bay County or Homa Bay Town Constituency about projects that have been undertaken using these debts, which we equally pay to other Kenyans, they are not there. I am therefore, requesting Hon. Shurie, when he will be doing that law, to consider equity. This is so that we do not have sections of this country which have the financial burden of things being enjoyed by some sections. The cost and terms of debt must be looked at. What is the interest rate? That is where I agree with Hon. Shurie and his team when they say we borrow on a ratio of 50:50 domestically, and abroad. What are the terms and securities? We do not want a situation, Hon. Shurie and the Members of the Public Debt and Privatisation Committee where, as a condition for these debts we are taking them from wherever we are, we end up offering critical State infrastructure 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."
}