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{
    "id": 965049,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/965049/?format=api",
    "text_counter": 385,
    "type": "speech",
    "speaker_name": "Kikuyu, JP",
    "speaker_title": "Hon. Kimani Ichung'wah",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "Hon. Temporary Deputy Speaker, it is a matter of concern that should we not meet our revenue targets this year, we already have the Supplementary Budget financing a deficit of over Kshs100 billion over and above the Kshs635 billion that was there in the approved Budget Estimates. This means if we do not meet our revenue targets this year, we will be looking at more borrowing by the Government in the backdrop of the removal of bank interest rate capping. We are concerned that it may negatively affect the interest rates regime in this country. Much as we have had assurances from the Cabinet Secretary that there will be no more commercial debt borrowing, there might be a chance that we may see additional commercial borrowing or even other forms of borrowing."
}