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{
    "id": 509330,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/509330/?format=api",
    "text_counter": 71,
    "type": "speech",
    "speaker_name": "Hon. Mwaura",
    "speaker_title": "",
    "speaker": {
        "id": 13129,
        "legal_name": "Isaac Maigua Mwaura",
        "slug": "isaac-mwaura"
    },
    "content": "I would like to oppose this proposal because of various reasons. If you look at the recommended debts to GDP ratio at the international level, and even when you look at some of the so-called developed economies, the safest that is recommended is between 28 to 35 per cent. As a developing country, we have borrowed up to 53 per cent of the current economy figures. We need to ask ourselves this question: When we borrow as a country, do we usually get value for that money? If you look at the National Debt Register currently and the projects that were funded even from our bilateral and multilateral partners, you will be very surprised. Some of those projects look casual, superfluous and do not look like they were well thought-out. Hon. Speaker, we are having a situation where this country is being asked to borrow more to finance more into the future; to finance some projects that look like they are politically correct. Do we really have to go by that? For example, we have promised to provide 10,000 kilometers of tarmac roads. We will go for that borrowing at the expense of our balance sheet?"
}