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{
    "id": 1266687,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1266687/?format=api",
    "text_counter": 287,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM",
    "speaker_title": "Hon. (Dr) Makali Mulu",
    "speaker": null,
    "content": "External debt services were Ksh622.5 billion, which is 72 per cent increase from the Financial Year 2022/2023. This is as a result of increase in external debt redemption and expenditures for the Financial Year 2023/2024 that will amount to Ksh475.6 billion. There is an increase due to the expected maturity of sovereign bond of US$2 billion. We all know about the Eurobond that will amount to Ksh241.75 billion. External debts interest rate expenditures will also amount to Ksh1.69 billion which is an increase primarily driven by expenditures required to finance commercial debts and multilateral debts owed to institutions such as China Development Bank."
}