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{
    "id": 509361,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/509361/?format=api",
    "text_counter": 102,
    "type": "speech",
    "speaker_name": "Hon. A. B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Hon. Speaker, it is true because hon. Junet, who is a very staunch loyalist of the former Prime Minister, was left out but now he is the Director of Elections. Today, he is a very happy man. Hon. Ken Obura, I am sure is discussing the latest developments on the senatorial position of Homa Bay. The Committee was convinced and the House is convinced that the review of the external debt ceiling was essential to help the Government to achieve development objectives. If anybody today was in power, not only Jubilee, even if CORD was in power, and they wanted to build the Standard Gauge Railway and bring 5,000 Megawatts of power, they would still ask for this ceiling. Therefore, it is imperative on the part of the National Treasury to ensure that the total public debt is within acceptable financial sustainability ratios. The debt ratio should be consistent with the East African Community Monetary Union convergence criteria and above all, the new borrowing must remain above the Medium Term Fiscal framework. I beg to reply. I ask the House that as we go on recess, let us do this, so that the roads are built, the railway is done and all the other external borrowing is actualized through this approval of the external debt ceiling. Thank you."
}