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{
    "id": 1229598,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1229598/?format=api",
    "text_counter": 342,
    "type": "speech",
    "speaker_name": "Nominated, ODM",
    "speaker_title": "Hon. John Mbadi",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": " Thank you, Hon. Temporary Speaker, for giving me this opportunity. I also thank the Leader of the Minority for bringing this timely Motion. I want to speak as a professional and as a finance expert. Where we are today did not happen yesterday. It is true and no one can deny that the unchecked borrowing starting from 2013 to date has partly brought us to where we are. I would tell you for a fact that we have spoken every financial year in this House. I have personally contributed to every budget speech condemning unchecked borrowing that has brought us here. We should have known that when the shilling depreciates, the debts will rise automatically. If you were paying Ksh900 billion per year, you will pay Ksh1.2 trillion today because the shilling is exchanging at Ksh130 and not at Ksh100 as it was a few months ago. Hon. Temporary Speaker, when Kenya Kwanza assumed leadership, I stated here that now is not the time to engage in partisan politics or to remind us of what transpired in the previous election or who possesses what percentage of the company's shares. What value is it to you to own shares in a crippling company, Kenya? It is collapsing and so what? The Deputy President, if you own shares alone and Hon. Mbadi does not, but it is collapsing, so what? Let us avoid escapism and realise that now you are in office, whether you came into that office through the window or the back door, you are already there and you must deliver to the people of Kenya, and there is no excuse. Hon. Temporary Speaker, why do you keep reminding us of what happened yesterday when today President Uhuru Kenyatta left 44 Principal Secretaries in office, and you came into a struggling economy and increased the number to 51? What are the austerity measures? You"
}