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{
    "id": 1261823,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1261823/?format=api",
    "text_counter": 176,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM",
    "speaker_title": "Hon. (Dr) Makali Mulu",
    "speaker": null,
    "content": "As a country, we have experienced both sides of this threshold - a nominal figure and a percentage. The truth of the matter is that irrespective of which one we used, we always ended up being requested to review it upwards. Currently, the National Treasury is requesting this House to approve a net present value of public debt to GDP of 55 per cent. Why 55 per cent? The World Bank and the International Monetary Fund (IMF), who are financial monitors in the world, would normally carry an assessment of a country’s capacity to get debt. We call them “public debt carrying capacities of countries.” In Kenya, from where we are after looking at all the factors, we are assessed and our debt carrying capacity is at 55 per cent of GDP, the net present."
}