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{
    "id": 1261798,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1261798/?format=api",
    "text_counter": 151,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "I had a discussion with the Chairperson of the Committee. I proposed that we need to reconsider that. The intent by the National Treasury of saying a threshold of 55 per cent plus or minus is that we are able to signal ourselves or the country knows that if you are at 50 per cent, then you know you have 5 per cent points to hit your threshold. Therefore, you will be careful as you appropriate resources and plan Finance Bills, so that you know the amount of resources you need to generate to reduce your fiscal deficit, that will then feed onto the amount of money that you need to borrow. In the same breath, if you are at 55 per cent, you know you have hit the debt threshold that you have placed for yourself. Anything beyond 55 per cent moving to 60 per cent, you are in the red."
}