Entry Instance

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

{
    "id": 1525003,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1525003/?format=api",
    "text_counter": 940,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr) Ojiambo Oundo",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. As it is required by the Constitution of Kenya and the Public Finance Management Act, at the commencement of any financial year, the National Treasury must present a Public Debt Management Strategy to the House. The only concern and fear that we have always had is that many a time the Strategy that is always presented in this House might end up just being an empty ritual. It is a matter to placate the provisions of the law and making Kenyans believe that the Government is serious about managing debt. This has never been the case. How does debt arise? It is very simple. You budget what you want to spend, look at the revenues that you can collect, and you borrow the deficit. It, therefore, means that as a country, we are living beyond our means. If our revenue threshold is at this level, we should make all attempts to undertake programmes and projects that are within our means. In the private sector, debt is always cheaper than equity, but in the public sector, it is the reverse. Debt is more 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."
}