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{
    "id": 1382284,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1382284/?format=api",
    "text_counter": 170,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "9. That, at least two months before the end of the current financial year, the National Treasury submits to the National Assembly: (a) The Annual Borrowing Plan that addresses any deviations from the 2024 Medium-Term Debt Management Strategy (MTDS) in financing the Financial Year 2024/2025 Budget Estimates, attendant cost and risks of the deviations and policy measures to address them; and, (b) A schedule of all projects for which borrowing is to be undertaken in the Financial Year 2024/2025. Hon. Speaker, the Committee also makes the following financial recommendations: 1. That, the fiscal deficit target for the medium term is approved and set at 3.9 per cent of GDP for Financial Year 2024/2025; 3.3 per cent of the GDP for Financial Year 2025/2026 and 3.3 per cent of GDP for Financial Year 2026/2027 in line with the fiscal consolidation path; and, 2. That, the country's borrowing strategy is approved at 55 per cent (+5 per cent) for net external borrowing and 45 per cent for net domestic borrowing as contained in the 2024 MTDS. Hon Speaker, I beg to move. I request Hon. Makali Mulu, the Vice-Chairman of the Committee, to second. I thank you, Hon. Speaker."
}