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{
    "id": 1261797,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1261797/?format=api",
    "text_counter": 150,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "Allow me to speak to the second objective of this Bill, which is to migrate us from the absolute figure of a debt ceiling that we have been using, in terms of measuring our debt- carrying capacity, to a threshold which is popularly or otherwise known as a debt anchor. The proposal for our economy is a debt anchor of about 55 per cent. This Bill is proposing a debt anchor of 55 per cent, plus or minus 5 per cent. I also note that the Committee had observed that, plus or minus, if you are in the negative of 55 per cent, then you are still okay. You are not in the red. Therefore, I propose to amend that to remove the minus and just say a threshold of 55 per cent plus 5."
}