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"speaker_name": "Hon. Langat",
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"legal_name": "Benjamin Kipkirui Langat",
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"content": "Hon. Speaker, having said that, the ability to pay is measured by the relationship between the debts as they are now and the Gross Domestic Product. Whether my friend says it is 49 per cent or 46 per cent, I want to say that according to the World Bank parameters, all countries which fall not more than 74 per cent of the GDP are still within the sustainable debts level. This House may want to know the best economies in this world. I want to challenge them to read. Japan is one of the biggest economies in terms of the GDP. You will be surprised that the debt to GDP ratio is 226 per cent or 227 per cent. That is Japan; the economic giant.The United States of America (USA) which is the superpower has a debt GDP ratio of 101 per cent."
}