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{
    "id": 841538,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/841538/?format=api",
    "text_counter": 454,
    "type": "speech",
    "speaker_name": "Sen. Wetangula",
    "speaker_title": "",
    "speaker": {
        "id": 210,
        "legal_name": "Moses Masika Wetangula",
        "slug": "moses-wetangula"
    },
    "content": "We are staring at a serious danger and a stitch in time saves nine. If we speak now, we may arrest the situation. If the President and his Government are listening, you may get the 8 per cent Value Added Tax (VAT) today, but that is not the end of the problem. Any government that is spending 70 per cent of its revenue on debt service is on a very dangerous part. Any government that is paying Kshs400 billion in an economy like Kenya, on interest only on debt, is on a very dangerous highway. We are continuing to borrow. The President went to the United States of America the other day and came back with a big loan. What will the big loan do? It will construct a dual carriage to Mombasa – six lanes on either side - which I have no problem with, but that is a death nail to the Standard Gauge Railway (SGR). If we have a six-lane highway to Mombasa and back, why we want to put our cargo on the rail? You will use the highway. That rail is now the biggest peg on our economic debt. If that railway line cannot generate income, it then means that you have to take mama mboga’s M-Pesa money, every trader‟s deposit in the bank, everybody‟s little income and tax the workers, so that you can service the debt. This means that we will run on the same spot from now henceforth until the chickens come to roost."
}