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{
    "id": 509162,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/509162/?format=api",
    "text_counter": 245,
    "type": "speech",
    "speaker_name": "Hon. A. B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "As of 30th September, 2014, the Government of Kenya’s total disbursed outstanding national external debt stock stood at Kshs1,045 billion against the set statutory ceiling of then, which was at Kshs1,200 billion as approved by this House on 11th January, 2013. If you look at those figures, that leaves only Kshs.155 billion. Hon. Speaker, that is the background of what we are doing today and it is very important information. What are the justifications? What justification does the National Treasury and the Executive give to the country and to Parliament for raising the debt ceiling? One, the current ceiling was set when the dollar exchange rate was US$1 to Kshs.86 but as of today, the exchange rate is at US$1 to Kshs.89."
}