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{
    "id": 878686,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/878686/?format=api",
    "text_counter": 443,
    "type": "speech",
    "speaker_name": "Suna East, ODM",
    "speaker_title": "Hon. Junet Nuh",
    "speaker": {
        "id": 2840,
        "legal_name": "Junet Sheikh Nuh",
        "slug": "junet-sheikh-nuh"
    },
    "content": "In conclusion, an overrated growth projection impacts on our debt position amongst microeconomic fundamentals. This loophole has always been used by the National Treasury to give incorrect position on our debts. We have spoken about the issue of debts for many years, from the last Parliament to this one. And we were told we are using the GDP to set our ceilings on how much we can borrow. I want this House to change that rule and put specific provisions in the PFM Act and give the Government a numerical ceiling beyond which they cannot go, Kshs6 billion and it should end there. Now they change figures and say we are at 49 per cent of the GDP when actually it is at 60 or 65 per cent. They are the ones who cook figures and you cannot know how much it is. I think this House should come up with a law that says this is the ceiling. Even when you go to borrow from a bank, they give you a ceiling above which you can go. What stops us as a House from coming with that kind of mechanism? After all, the money being borrowed is being borrowed on your behalf and on behalf of your children."
}