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{
    "id": 1461480,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1461480/?format=api",
    "text_counter": 273,
    "type": "speech",
    "speaker_name": "Kibwezi East, WDM",
    "speaker_title": "Hon. Jessica Mbalu",
    "speaker": null,
    "content": "On Recommendation No. 2, we are asking the Treasury, through the Committee of the National Assembly — a very respected committee and I am happy that the committee has been able to come up with recommendations that this august House and its Members will be remembered for — that we develop prioritisation mechanisms before issuing the 2025/2026 Budget Circular so as to increase resources towards capital development. This is welcome. The committee is proposing an increase by 100 per cent over the medium term and target capital projects with a greater impact on capital formation and GDP growth to improve the country's long-term debt repayment capacity. As a country, we have been complaining and we have seen that there is a problem of public debt. I think through adoption of this report, we will manage our debts very well and, of course, increase local borrowing. I appreciate and thank the committee for the recommendation that …"
}