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{
    "id": 565595,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/565595/?format=api",
    "text_counter": 319,
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    "content": "are going to protect future repayments by virtue of allowing budgetary measures that include inflation is a defeatist position. I would have wanted to hear the Chairman say that the monetary system and policy that the Government is going to adopt is going to be such that the value of our exports is going to be enhanced and the market in Kenya is going to be enhanced, as far as tourism is concerned. Even though they say that they have added a bit of money, when you compare the Kenyan budget on tourism with that of the neighbouring countries, ours is dismal. Mr. Temporary Speaker, Sir, the only way we can ensure that the shilling remains strong and does not depreciate further is to ensure we add value to our exports. It has so far depreciated by more than 7.7 per cent. We are still exporting coffee in a bag and importing bananas in the same way. Until we put the coffee in a packet, then we will still be earning less. We will still buy at a higher cost. As much as the Chairman has given a seemingly impressive answer, the real problem of the depreciation of the Kenyan shilling against the US dollar will continue unless we make stronger effective measures. We must never forget that this will have a serious impact on food and the livelihoods of people. So, I would have liked the Chairman to address long-term measures that include, import substitution, so that we can decrease our imports and mitigate against the demand of the US dollar in the country. Those are the kind of measures that I would have liked him to express so that in the long- term, business can be stable because the Kenyan shilling would be stable."
}