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{
    "id": 449248,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/449248/?format=api",
    "text_counter": 190,
    "type": "speech",
    "speaker_name": "Hon. Nyenze",
    "speaker_title": "",
    "speaker": {
        "id": 1987,
        "legal_name": "Francis Mwanzia Nyenze (Deceased)",
        "slug": "francis-mwanzia-nyenze"
    },
    "content": "Budget; but under Article 223 of the Constitution Parliament is allowed to approve spending by the national Government. I am happy that the Supplementary Budget has not exceeded 10 per cent of the 2013/2014 Budget. Having said that and supported this Motion, I just want to say that we are not very fortunate as we have exceeded our borrowing limit in the Budget. This is because we have borrowed over 52 per cent of our GDP. We have borrowed Kshs2.2 trillion, which is a lot of money. This debt will be paid by our children and grandchildren. Even when people were celebrating the Euro Bond, I was worried that it will put this country in a very precarious position, because this is borrowing and borrowing. This will make us be in as difficult a situation as some countries in South America find themselves in. Hon. Speaker, I would like to say that this Committee is one of the largest Committees; it comprises of very many Members under the leadership of hon. Mutava Musyimi, who nearly became the President of this country and could so become sometime in future. I want to say that next time he sits down to plan and do a budget he should make sure that he includes the Kitui-Kibwezi Road in it."
}