Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 947024,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/947024/?format=api",
    "text_counter": 248,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. John Mbadi",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "We have financial institutions that are credible and can give us concessionary loans at 2 per cent. They cannot give us money because we have overshot the debt ceiling. We cannot construct that Dongo Kundu Bridge, which I have just mentioned, and the ring road from Busia all the way to Migori, all of which can be financed by the World Bank at a cost of Kshs40 billion. The World Bank is pleading with us that it is ready with the money to construct that road. The Government cannot borrow Kshs40 billion to do that road, which is a very important circuit along the shores of Lake Victoria. We cannot do it because some people went to some commercial institutions, borrowed syndicated loans at 9 per cent that are very expensive to us. We have overshot the 50 per cent limit of the GDP and we are saying that because Kenyans are going to complain that we are going to increase the debt level, we cannot take action. That will be irresponsibility of the highest order."
}