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"id": 509173,
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"type": "speech",
"speaker_name": "Hon. Katoo",
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"id": 199,
"legal_name": "Judah Katoo Ole-Metito",
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"content": "In conclusion, proper investment for the borrowed funds is highly recommended to ensure that the country’s debt rating and rate of return on investment remains on the positive as this promotes the foreign exchange flows that will mitigate any currency crisis should there be any. Therefore, both equitable use, across the country, of this money being borrowed and prudent management, accountability and proper oversight by this House is a must. It is also good to note that what this Motion calls for is the approval of the increment of the ceiling just for planning purposes. The nitty gritty of the loans that are going to be sourced externally will still remain in the scrutiny of this National Assembly. Therefore, it is just for planning purposes. Whatever will be borrowed will be approved by this House."
}