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{
    "id": 1355206,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1355206/?format=api",
    "text_counter": 340,
    "type": "speech",
    "speaker_name": "Seme, ODM",
    "speaker_title": "Hon. (Dr) James Nyikal",
    "speaker": null,
    "content": "in economics, but I have never heard us talking about restructuring. Must we pay today even when our children are dying? Can we not say we will do that? I have never heard that and whether this is on purpose, I have heard it in many circles but not when we are dealing with our issue. When we talk of increasing taxes and rates so that we attract money from abroad, we must also realise that if the debts are increasing, it has an effect on our economy. People cannot borrow here and get into business because of that. So, there must be a very clear balance on that. The Leader of the Majority Party made a very good statement that you reach an optimum level when you are talking about taxes or even fuel. You will get increased revenue as the taxes go up but you reach a point that now the revenue is reduced. Although we are saying we have not gotten to the optimum level, we are getting there. Even today in the media, we have reports indicating that we are collecting less particularly from the areas that we were thinking about with regard to taxes. That is something that I think we should look at. These are well known facts. Even where we apply money - and I am happy that we are applying money in education, in universities and so forth - I just want to get one point. Hon. Temporary Speaker, I will ask you to allow me to do this. Good policies, if not properly applied, actually cause a problem. Somebody wants to blame others for what is happening at the university. It is very simple. This funding is a good principle, save for how it was applied and the mechanics of implementing it. There are three…"
}