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{
    "id": 663816,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/663816/?format=api",
    "text_counter": 319,
    "type": "speech",
    "speaker_name": "Hon. Ng’ongo",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "So, how did we find ourselves here? I urge this Parliament that going forward we should be proactive and pragmatic enough to deny the Executive the appetite for borrowing. When the Jubilee Government came into Office - I see the Leader of the Majority Party looking at me - we had a debt level of Kshs1.8 trillion both domestic and foreign debts. As we speak today, we have a debt of Kshs3.3 trillion, an increase of Kshs1.5 trillion in three years. That is not sustainable. In fact, the warning signs have started coming even from unlikely quarters like the IMF and the World Bank. I call it “unlikely” because the IMF and the World Bank have been cooperating to our detriment with the Kenya Executive and Treasury, which is wrong."
}