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{
    "id": 493610,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/493610/?format=api",
    "text_counter": 311,
    "type": "speech",
    "speaker_name": "Hon. Anyango",
    "speaker_title": "",
    "speaker": {
        "id": 130,
        "legal_name": "Dalmas Anyango Otieno",
        "slug": "dalmas-otieno"
    },
    "content": "Hon. Temporary Deputy Speaker, when I arrived, the Member for Tiaty was talking about the savings rate. Actually, the Kenyan savings rate is very low that for every Kshs100 which we earn at the national level, 93 per cent is consumed. This means that we hardly save 7 per cent. So, all the growth that we are able to achieve is growth which is coming from debt capital. The Government is borrowing and it does not have savings out of ordinary revenues. It spends all ordinary revenues in Recurrent Expenditure and all Development Expenditure comes from debt or borrowing by the Government."
}