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{
    "id": 1456535,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1456535/?format=api",
    "text_counter": 3925,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "borrowing will have ramifications on our cost of borrowing locally in the domestic market, because we have to borrow in the domestic market. It will have an implication on the rate at which business people can borrow, how many investments they can invest in, and how many jobs they can create for young Kenyans. Therefore, I just want to speak to Kenyans and ask them to let us reason together. Let us act in a manner that will not destroy our economy as we seek to fix that which we seek to fix in our country. As I said, it is possible to chew gum and scale the stairs together. Together, I believe we, as a country, can do that. We can fix the economic mess we are in and our politics without fighting and injuring each other. We can grow this economy and get it where it ought to be. I conclude by saying that this first Supplementary Budget is unprecedented. In the next few months, I believe we will inevitably get into a second one. I even foresee a third supplementary budget this year. As the National Treasury begins implementing this Budget and as the new Government ministries and State departments take shape, I ask that they review those budgets further to align them with the new governance system that will be there. I ask them to ensure that there are further cuts so that we do not need to go out and borrow much more if the projected revenues are not realised. We are almost hitting the borrowing ceiling that we set in this House. Therefore, it will not be feasible to continue borrowing."
}