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{
    "id": 1382371,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1382371/?format=api",
    "text_counter": 257,
    "type": "speech",
    "speaker_name": "Wundanyi, WDM",
    "speaker_title": "Hon. Danson Mwashako",
    "speaker": null,
    "content": "Before I conclude, it is recommended that foreign borrowing should be 45 per cent of the total debt and domestic borrowing should be 55 per cent of the total debt. However, this Report clearly indicates that we have reversed that trend. The rate of foreign borrowing is higher vis-à-vis domestic borrowing. We find ourselves facing huge foreign exchange rate risks since our shilling has lost a lot of value and depreciated against the dollar. Most of our debt is in dollars. Therefore, our debt ends up ballooning without real value coming into the country. Therefore, as we balance between costs and risks, we must ensure that …"
}