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{
    "id": 878113,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/878113/?format=api",
    "text_counter": 554,
    "type": "speech",
    "speaker_name": "Sen. Wetangula",
    "speaker_title": "",
    "speaker": {
        "id": 210,
        "legal_name": "Moses Masika Wetangula",
        "slug": "moses-wetangula"
    },
    "content": "If he does not know, then we are in a very sorry state, because everybody is crying. Every day you open a television, sugar farmers are looking hungry, maize farmers are even hungrier, rice farmers are shouting, tea farmers are complaining and everybody is hungry. As we do that; we are just busy borrowing. Only two weeks ago, the Government syndicated US$1 billion loan to pay debt. That is what you would call digging a hole to fill a hole. At the end of the day, you have a hole. How do you borrow from John to pay Tom and think that you are free of debt? It does not work. This is the problem we have. The Ministry of Finance appeared before us in Naivasha and we interrogated them for two hours. They agreed that our debt level is now not sustainable. Moody, one of the most prestigious institutions, has raised a red flag on Kenyan debt. Likewise, the World Bank and the International Monetary Fund (IMF) have raised a red flag on Kenyan debt."
}