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{
    "id": 1266698,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1266698/?format=api",
    "text_counter": 298,
    "type": "speech",
    "speaker_name": "Wajir East, JP",
    "speaker_title": "Hon. Aden Mohammed",
    "speaker": null,
    "content": "through this House. I remember in the last few weeks, we have been staying here until midnight just to argue about US$200 billion that was added to the Finance Bill, but here we are now very lacklustre. We do not seem to mind an expenditure of Ksh1.84 trillion. By the year 2027, as has already been said, this figure will balloon to Ksh2.2 trillion. Unless this House and country do something about that kind of expenditure, we are going into a financial mayhem. I suggest that we go into financial consolidation and financial discipline. The fiscal deficit limit is targeted to be 4.4 per cent of our GDP. I would like to remind this House that we recently debated the debt anchor and we pegged it at 55 per cent debt to GDP at present value. It behoves us as a House to hold the National Treasury to account and to make sure that our fiscal deficit limit should not be more than 4.4. per cent of our GDP. Going forward to the year 2027, our fiscal deficit should be reduced to 3 per cent of our GDP. This is in line with what we did the other day by moving from a debt ceiling to a debt anchor of 55 per cent. We have given the National Treasury five years to comply with the 55 per cent debt anchor. Hon. Temporary Speaker, our public debt stock... Hon. Temporary Speaker, I am wondering why the time indicator is at yellow already when I am seconding. This is a very important Motion."
}