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{
    "id": 147008,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/147008/?format=api",
    "text_counter": 327,
    "type": "speech",
    "speaker_name": "Mr. Baiya",
    "speaker_title": "",
    "speaker": {
        "id": 8,
        "legal_name": "Peter Njoroge Baiya",
        "slug": "peter-baiya"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, for the first time, the Minister was very candid in explaining the economic crisis and the way it is affecting Kenya and the Kenyan economy. The world economy is in a crisis and that the world economic growth is expected, for a long time, to decline. That it is not only going to affect developed countries, but also the developing ones like Kenya. The proposals that the Deputy Prime Minister and Minister for Finance expounded reflected a bold attempt to address the challenges and problems we are confronted with as a country. It is true that the problems confronting Kenyans are enormous. For instance, the problem of unemployment was above 50 per cent. We are told by the recent surveys that the situation has improved. However, that improvement only put it at 46 per cent of the total work force. Our situation is incomparable to that in other countries that are said to be experiencing problems similar to ours. Those countries have unemployment rates of between 10 per cent and 16 per cent while ours is over 45 per cent. That presents an extremely deteriorated situation. If this situation is to be looked at clearly, it is incompatible with stability and tranquility in our country. That is why bold actions have always been necessary to redress this situation."
}