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"type": "speech",
"speaker_name": "Tetu, UDA",
"speaker_title": "Hon. Geoffrey Wandeto",
"speaker": null,
"content": "internationally. This has been a rather contentious issue. There are loans that were taken many years ago, some of which are not being serviced at all while some have accumulated to astronomical amounts. I am aware of a loan of about Ksh1 billion that has now accumulated to about Ksh48 billion. If we have these sorts of disclosures, it will ensure that we keep a good tab on our debt situation in the country. I support the amendment and especially endorse the fact that we have set the debt limit as a percentage of real GDP as opposed to nominal GDP. This amendment will ensure that the Cabinet Secretary comes to this House to report on the status of debt. I support."
}