Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1236970,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1236970/?format=api",
    "text_counter": 165,
    "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": "On a light not, I think it is important to say that when I served as Minister for Finance in 1992, one of the things that we had to do to trigger the economy and get it going again was to remove price controls. At that time, we were removing price controls in a very highly inflationary period and a very well-seasoned politician and elder of this country, the late Mzee Jaramogi Oginga Odinga, referred to my policies as ‘ill-advised’ policies. That was not a simple person speaking, but he said it was an ‘ill-advised’ policy. It was a kind of painful decision that we had to take to start turning the economy around. As we speak here, we will have short-term mitigation factors like the duty waiver, but then we must also get out of the duty waiver because we cannot live with it forever. We also need revenues. It is an intervention that comes in for a short space of time and after that, we have to exit it and make sure that we collect what is supposed to be done. Hon. Members have also raised an issue about the resources that come from diaspora and whether we can have instruments that can attract investments from them. I know for sure that the National Treasury is working on this matter. They are looking for ways of having vehicles that can be attractive investment instruments to allow Kenyans to invest what they earn when they are out there. Sooner than later, some pronouncements will be made with regard to this particular matter. I do not want to pre-empt. The issues have to be well thought-out so that we assure Kenyans that in case they put their money in that place, it is safe and sound and it will grow. That is what I can say so far, Hon. Speaker."
}