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"id": 1259791,
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"type": "speech",
"speaker_name": "Tigania West, UDA",
"speaker_title": "Hon. (Dr) John K. Mutunga",
"speaker": null,
"content": "I am happy that the country is looking forward to compress the debt burden. As a Government, I am happy that we have started by assessing where we are and where we want to go. The fact that there has been reduction of borrowing from Ksh1.1 trillion to around Ksh700 billion is very important. We saw a situation of the last government wanting to move the debt percentage expressed as a percentage of the Gross Domestic Product (GDP) to absolute figures. If you put your debt at absolute figures, you cannot communicate to other countries because we do not use the same currency. Proportionate figures are important because we can communicate and know where we are."
}