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"id": 1264496,
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"text_counter": 140,
"type": "speech",
"speaker_name": "Kisumu East, Independent",
"speaker_title": "Hon. Shakeel Shabbir",
"speaker": {
"id": 140,
"legal_name": "Ahmed Shakeel Shabbir Ahmed",
"slug": "shakeel-shabbir"
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"content": " Thank you, Hon. Temporary Chairlady. This amendment is trying to make some difference in a very bad situation. We are already at 61.7 per cent of our GDP. We are putting a debt anchor at 55 per cent but we are at 61.7 per cent. However, it is very important that we make it clear. Even if this will be put together, there are countries that work at 55 per cent of net present value of their GDPs. However, there are other calculations that go hand-in-hand with this arrangement. We, accountants, are very innovative with figures. You will find that the National Treasury will become more innovative with figures. Instead of giving them five years, this particular recommendation should have a proviso."
}