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{
    "id": 1382342,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1382342/?format=api",
    "text_counter": 228,
    "type": "speech",
    "speaker_name": "Endebess, UDA",
    "speaker_title": "Hon. (Dr) Robert Pukose",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker, for allowing me to contribute to the policy and financial resolutions relating to the 2024 Medium-Term Debt Management Strategy. From the onset, this strategy states that, at least two months before the end of the current Financial Year, the National Treasury submits to the National Assembly the annual borrowing plan that addresses any deviations from the 2024 Medium-Term Debt Strategy in financing the 2024/2025 Budget Estimates, attendant cost and risks of the deviations and policy measures to address. To help enhance public participation in public debt matters, the National Treasury shall publish simplified, citizen-friendly documents to accompany the technical reports on public debt submitted to the National Assembly. As you are aware, many people do not understand some of the technical terms that are used in some of those reports. Therefore, it will be very important that the National Treasury publishes simplified citizen-friendly documents to accompany the technical reports on public debt. Hon. Temporary Speaker, the country’s borrowing strategy is approved at 55 per cent for net external borrowing and 45 per cent for net domestic borrowing as contained in the 2024 Medium Term Debt Management Strategy. We should have some fiscal policies that gives us some discipline that we do not deviate so much. Article 223 of the Constitution allows Parliament to approve expenditure by the Government that was not planned for. The The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor"
}