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{
    "id": 1236870,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1236870/?format=api",
    "text_counter": 65,
    "type": "speech",
    "speaker_name": "Hon. Musalia Mudavadi",
    "speaker_title": "The Prime Cabinet Secretary",
    "speaker": {
        "id": 84,
        "legal_name": "Wycliffe Musalia Mudavadi",
        "slug": "musalia-mudavadi"
    },
    "content": "Fiscal distress was also reflected in the pressure of the public debt. Public debt consumes a substantial portion of our Budget. In fact, Members may wish to note that interest cost is now the single largest expenditure item in our recurrent budget, exceeding the wage bill and the county equitable share. That is interest payment alone. Our total debt—and this is very critical because we want to lay the facts bare to the nation—is Ksh9.4 trillion, against a debt ceiling of Ksh10 trillion. This comprises external debt of Ksh4.8 trillion and domestic debt of Ksh4.5 trillion, as at the end of March 2023. 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."
}