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{
    "id": 145901,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/145901/?format=api",
    "text_counter": 175,
    "type": "other",
    "speaker_name": "",
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    "speaker": null,
    "content": "Madam Temporary Deputy Speaker, I want to talk briefly about the revenue and that is where I have a big concern. From the revenue side, the taxes have not been raised. That is okay. In fact, the Minister should even think of widening the Income Tax bracket so that our people can have more money in their pockets but expecting to get money from external sources at this time which is uncertain is taking a lot of risk. Secondly, I see the Ministry resorting to a lot of domestic borrowing . This is not good for our economy because it is going to crowd out the private sector from accessing credit. This in essence, is going to affect the expansion of the private sector and by extension, will result in low employment creation or job opportunities. I would urge the Minister in future to think of matching our expenditure with mostly, our ordinary revenue. Relying on external funding which is uncertain and dependent on political and economic reforms is taking a lot of risk."
}