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{
    "id": 646315,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/646315/?format=api",
    "text_counter": 196,
    "type": "other",
    "speaker_name": "",
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    "content": "to do this work including the President have a duty to do good and do right to the people of Kenya. The President said many things. It was a long Speech of one hour and a half. Some of it looks like a written Speech. I am sure if my friend, His Excellency the President, read this Speech he would never have read some of it on the Floor of this House. He says that we have joined the realm of middle income economies with consequences that we can now access non- concessional credit from institutions such as the African Development Bank and the World Bank at significantly cheaper cost and that we have also seen the continuing confidence in our financial market. Within nine months, four banks have gone under. Where is the confidence in financial markets? Within nine months, the Eurobond came in. We were told that we were accessing Eurobond funds to cushion us from excessive domestic borrowing. If Kshs280 billion had been brought into this economy, the shilling would never have moved from Kshs80 to Kshs102 to the Dollar. It would have brought in foreign exchange. This means that there are issues. This means that until today, the people we have challenged to investigate the Eurobond saga have never been allowed by the New York banks to access information. It will come out. The kind of money that this Government has been borrowing, which we and our grandchildren will pay, is not sanctioned by common sense. Why are we over-borrowing such that people who have not been born will pay? Why are we borrowing? The state of the nation that the President spoke about should have included the fact that Kenyans, including Members of Parliament, are not happy having 30 per cent of their income taxed. However, you are borrowing to give to thieves. Why do I pay 30 per cent Income Tax and 16 per cent Value Added Tax (VAT) and still pay for a watchman because of insecurity and for somebody to collect my trash? People still walk to work. There is no public transportation. The list goes on and on. That is the true state of our nation. These are not issues that the President can handle alone. Parliament is another arm of Government. We beg and plead with the leadership on the other side to involve all their brains. We know they lack brains on the other side. That is why they took Maj-Gen Nkaisserry and the Member of Parliament for Malindi because they do not have good enough people. We are doing very well. We have not opposed you. We are lending you our people. Please, keep doing it. Please, take more."
}