Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 146464,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/146464/?format=api",
    "text_counter": 416,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "straight into the eye. One of the challenges we have is political instability. We need to look at the political instability in terms of what causes it. There are continuous frictions in the Government that we need to iron out so that the entire nation can focus on nation building. What causes this friction most is the competition for resources and positions. We are blessed today with a Coalition Government. This is a case study. We can use this situation to try and bring this country together. We should not look forward to when this country will break again so that people go back to where they came from. We should look forward to a formula that will keep Kenyans together so that a fellow Kenyan stops being your enemy and we start fighting the true enemy, which is eradication of poverty and unemployment, lack of education, healthcare and water. My impression of the Budget is that our GDP is slightly overstated. I think that is good for the Budget but bad for reality. In my community, we say it is better to cheat a visitor because he will go away than to cheat the residents because they will stay longer to know the truth. Looking at the inflation rate today, standing between 25 per cent and 28 per cent, given the economic melt-down worldwide, our inflation rate is just bound to increase. I trust that there are able economists at the disposal of the Deputy Prime Minister and Minister for Finance who will enable him to work out ways and means of getting around this potential inflation. I know that we have been hit on the balance of payment account and our balance of payment is now at a deficit. Our exports are not doing very well. Tourists are not coming. The economic melt-down has affected the remissions from the diaspora. This has posed a challenge on our foreign exchange reserves thereby creating a lot of pressure on the Kenyan shilling. Mr. Temporary Deputy Speaker, Sir, I know that there will be a lot of borrowing. I am persuaded by the Central Bank of Kenya (CBK) to believe that the instruments that they will employ in the borrowing will not lead to the over-crowding of the private sector or inflation. As a patriot, I want to give the benefit of the doubt."
}