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{
    "id": 941641,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/941641/?format=api",
    "text_counter": 557,
    "type": "speech",
    "speaker_name": "Sen. Orengo",
    "speaker_title": "The Senate Minority Leader",
    "speaker": {
        "id": 129,
        "legal_name": "Aggrey James Orengo",
        "slug": "james-orengo"
    },
    "content": " Thank you, Mr. Deputy Speaker, Sir, for giving this opportunity. I have listened very keenly to what has been said this afternoon. Everything that has been said about what is happening about Kenya’s economy is correct. It is also true that when the Cabinet Secretary approached both Houses of Parliament on this issue of the debt ceiling, he pleaded guilty in the sense that he did not mince words by saying that we are approaching not only a debt crisis or that we had a debt crisis, but we are having a financial crisis. Mr. Deputy Speaker, Sir, this is something that has been with us not today. The issue of the levels of debt in this country is not a new matter. This is a matter that even during the very first Government under KANU and subsequently, the issue of debt has always been a question that has troubled the minds of the people of Kenya and its leaders. If anybody goes to the records in the HANSARD, what I have said about debt and borrowing has been consistent with many of the things that I have been saying today. What I fear about what people have been saying today, and the only person that I commend for trying to approach a solution---. It is not good as leaders, for us to say that we cannot allow the levels of debt to go up without offering a comprehensive solution. What is it that we are coming up with as a Senate? The tools are not with the national Government, but with Parliament. Mr. Deputy Speaker, Sir, if you look at the Constitution, the levels of borrowing are things that are legislated by Parliament. It is not lost to me that the ceiling on debt applies only to external debt. For the internal debt, there is no ceiling as it were. That is why you will see in this Report all the intended debt or the sources of these loans are all intended external debts."
}