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{
    "id": 216237,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/216237/?format=api",
    "text_counter": 49,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "Mr. Speaker, Sir, we are spending Kshs693 billion this financial year. I did lay on the Table of the House the Financial Statement showing what we will spend and where we will get the money from. Part of the Kshs693 billion that we will spend will come from the different financing sources; taxes, domestic borrowing, project financing and international borrowing. We may not split the amounts and say, out of the Kshs10 billion which is the equivalent of what we are borrowing, so much will go to this road and that road. We will look at it from a holistic perspective rather than from item to item. I can confirm to the House that we do not want to crowd out our private sector through domestic borrowing while we can access international capital cheaply because we have an international rating and Kenya has never defaulted on its debt obligations. We are not one of these least developed countries. We are now playing on the bigger league; thanks to the Kibaki Administration. I believe that is where we are going."
}