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{
    "id": 975427,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/975427/?format=api",
    "text_counter": 195,
    "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": "The second contributor to the hakuna pesa economy is the rising debt. I appreciate that the Chair of the Budget and Appropriations Committee has ably talked about this matter. He said clearly that if anyone was attentive, they would understand what the Budget and Appropriations Committee is saying. For the first time, I appeal to this House and my Committee that I have been on this topic for over six years. The truth of the matter is that this country is borrowing money to finance recurrent expenditure. That is a fact. If you look at the figures or the amount we are projecting, leave alone the amount we collect, the projected revenue vis-a-vis expenditure – you take away money that we pay back into the Consolidated Fund Services, the money that we transfer to counties, the monies we pay salaries and meet other recurrent expenditure – it is not enough to settle all that and remain with money for development expenditure. Therefore, this The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}