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{
    "id": 1357272,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1357272/?format=api",
    "text_counter": 298,
    "type": "speech",
    "speaker_name": "Sen. Cheruiyot",
    "speaker_title": "The Senate Majority Leader",
    "speaker": {
        "id": 13165,
        "legal_name": "Aaron Kipkirui Cheruiyot",
        "slug": "aaron-cheruiyot"
    },
    "content": "Mr. Temporary Speaker, Sir, you need to protect me from Sen. Oketch Gicheru, otherwise, I will be distracted. I will continue to speak on an important topic that the President touched with regard to the transformation that is happening in our economy. It is a fact that cannot be disputed that out debts to the Gross Domestic Product (GDP) ratio is at an all-time high. However, as we speak today, a 71 percent debt exposure simply means that for every hundred shillings that you are collecting, only 29 percent is left for counties to pay salaries and do development. It is a fact that not even a magician can work any miracle when you are handed over such an economy. However, we need to ask ourselves what the President and this administration have done. I agree with him when he reports that this country is on a path of transformation because the first and simple basic thing he has done is to reduce our fiscal deficit; from an upwards of 8 - 9 percent to 5.4 percent in this current financial year. I know for a fact that there is a further Supplementary Budget which our colleagues in the other House are likely to debate tomorrow that is lowering that fiscal deficit to ensure that firstly, we live within our means and secondly, we become responsible in our borrowing. Thirdly and most important, we should tell Kenyans the truth that for a long time, we have lived a lie. We are behaving like university or college students that I used to see in our university days. They would get Higher Education Loans Board (HELB) money and buy all the flashiest clothes, nicest shoes and when eventually arrived at the university, they could not even afford food. They would be left begging."
}