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{
    "id": 1213876,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1213876/?format=api",
    "text_counter": 247,
    "type": "speech",
    "speaker_name": "Butula, ODM",
    "speaker_title": "Hon. Maero Oyula",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. Domestic debt is a big burden to this nation. The interest rate is high, at approximately 12–13 per cent and this encourages banks not to lend out money to the private sector, but to lend to the Government because they are assured of earning a lot of interest from government lending. So, this Committee has come up with a good Report and recommendations which I think if adopted, the House should move very fast. Particularly, there is a recommendation that the National Treasury comes with regulations on how to manage the debt expenditure. This is very important and I suggest that the Committee should follow up on this to ensure that the National Treasury comes up with regulations."
}