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"id": 269602,
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"speaker_name": "Mr. Nyammo",
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"speaker": {
"id": 117,
"legal_name": "Francis Thombe Nyammo",
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"content": "Mr. Deputy Speaker, Sir, I beg to oppose this Motion. I rise to oppose it because when you see a number of factors moving; inflation, exchange rate and interest rates, these are manifestations of something wrong in the economy. Regulating the economy is not like making instant coffee. We must agree, as a country, first and foremost that we have been living beyond our means. This is because we have been importing everything and anything. Why do we have to do that? What we import must be paid for by meager export earnings we have as a country. The speaker before me talked about the monetary part only. As a country, it is for us to agree that when we are exporting employment to other countries we are affecting our economy negatively. For example, why do we continue importing furniture from China instead of furniture being made by our people who are suffering from unemployment? That is fiscal. It is not monetary. Why do we want to think that the banks are doing anything wrong when they are doing business? They are in business!"
}