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{
    "id": 1026756,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1026756/?format=api",
    "text_counter": 472,
    "type": "speech",
    "speaker_name": "Emuhaya, ANC",
    "speaker_title": "Hon. Omboko Milemba",
    "speaker": {
        "id": 13328,
        "legal_name": "Jeremiah Omboko Milemba",
        "slug": "jeremiah-omboko-milemba"
    },
    "content": "At the outset, this is a credit guarantee scheme and it has been given by Parliament, therefore, by the public and this is taxpayers money. Therefore, it is very good because it resonates well with the economics of depression. During times of depression, economic stimulus is important as we saw by both Kings and Keynesian economists of 1930s when we had the Great Depression. In the 8th point economic stimulus by the President, we had left out these group of people when we dealt with those who are employed formally and those in other sectors including the tax reduction measures. But as this comes, I would like to tell the House that this is not just money that is being borrowed by these individuals. This is a stimulus given by Government. Banks are only doing one thing: facilitating the money to go out to different groups. Therefore, it is very"
}