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{
    "id": 952275,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/952275/?format=api",
    "text_counter": 591,
    "type": "speech",
    "speaker_name": "Alego-Usonga, ODM",
    "speaker_title": "Hon. Samuel Atandi",
    "speaker": {
        "id": 13290,
        "legal_name": "Samuel Onunga Atandi",
        "slug": "samuel-onunga-atandi"
    },
    "content": "Ultimately, and this needs to go on the records, I support the amendment that we do not repeal the interest cap law. That is very fundamental. In future, we need to have a financial market which is self-regulating. That will only happen if we have a balanced budget in place. We need to cut the fiscal deficit with up to five fiscal points. If we do that, then we will not need this law. For now, banks have failed to convince us that if we repeal the interest cap law, they will give credit to SMEs. They have not given a justification. They are not telling us how they will do it."
}