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{
    "id": 1352753,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1352753/?format=api",
    "text_counter": 2513,
    "type": "speech",
    "speaker_name": "Dadaab, WDM",
    "speaker_title": "Hon. Farah Maalim",
    "speaker": null,
    "content": " Hon. Temporary Speaker, I thank you for giving me this opportunity to weigh in on this debate. I thank the Committee for the unique exercise they have done. For a long time, Parliament never knew how our debt was incurred, who took it, for what purpose and whether that purpose was achieved. There are a lot of debts that we are servicing right now whose projects were not implemented. We took the loans which Kenyans are paying back yet those monies ended up lining the pockets of the political elites who were in power at the time of the borrowing. As Hon. Omboko put it, the debt at the time when President Kibaki left office was about Ksh1.8 trillion. Today, it stands at Ksh10.5 trillion. You can imagine how we accrued almost 1,000 per cent in the shortest possible time. Syndicated loans are loans that largely end up in the pockets of the political elites."
}