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{
    "id": 1261821,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1261821/?format=api",
    "text_counter": 174,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM",
    "speaker_title": "Hon. (Dr) Makali Mulu",
    "speaker": null,
    "content": "Hon. Speaker, let me come to the threshold. This is where I want to spend a bit of time because it is important. When I joined this House in 2013, together with the Leader of the Majority Party and other Members like Hon. Mbui, in the first year we got to this House, that was March, before the end of that year, we were presented with a proposal to change the debt ceiling from Ksh1.2 trillion to Ksh2.4 trillion. I opposed the proposal but at the end of the day, the Majority side carried the day and we moved it up to Ksh2.4 trillion. Over time, we hit that limit. The National Treasury came back to us and instead of a limit, they proposed to go back to the threshold, the so-called “debt anchor.” We went back to a percentage of the Gross Domestic Product (GDP). At that time, the percentage approved was 50 per cent of GDP. The net quested value of the public debt to GDP was 50 per cent. 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."
}