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{
    "id": 1382426,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1382426/?format=api",
    "text_counter": 312,
    "type": "speech",
    "speaker_name": "Tigania West, UDA",
    "speaker_title": "Hon (Dr) John K. Mutunga",
    "speaker": null,
    "content": "It is purposely meant to manage the cost of debt. It is not only an expose’ of how much debt we have and an outlay of the extent to which we have borrowed but, it is also supposed to enable us manage debt. The goals of this particular strategy are basically to reduce debt costs, lengthen the maturity period and support the domestic market. If we have to reduce the debt costs, we must be conscious of how our trend moves. We, as a country, often get into very high debt levels. We already have them. Rising debt levels raises the sustainability concerns. Are we able to sustain very high debts? Right now, we can speak to the fact that Kenya’s public debt is sustainable. However, there are very high risks of distress which need to be looked into. If the National Treasury will listen to what Members have said today in this House, then it will keep on monitoring the public debt to the extent that they will make sure that it is managed to levels where the risks are not extremely high or distressful. It also needs to bring in measures to include fiscal consolidation and optimising funding to mitigate risks. When we have fiscal consolidation… Sometimes, I marvel at the extent to which we are not conscious of fiscal consolidation. We talk about it a lot but when you ask The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor"
}