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{
    "id": 509239,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/509239/?format=api",
    "text_counter": 322,
    "type": "speech",
    "speaker_name": "Hon. Lati",
    "speaker_title": "",
    "speaker": {
        "id": 2762,
        "legal_name": "Jonathan Lelelit Lati",
        "slug": "jonathan-lelelit-lati"
    },
    "content": "Thank you, hon. Speaker. I appreciate this opportunity. I rise to support this Motion, which is very important for our county. To start with, there is no country in the world that can grow without taking some borrowing and some external funding from some sources. External borrowing is not new in this world. In fact, the first Bonds were floated in 1693 to fund things as ridiculous as war. That was Britain funding the war with France. Even things like war, which are not productive in nature, have been funded through external borrowing. External borrowing has been used by countries that are committed to growth and for strategic reasons to finance their budgets. In1917 during the First World War, there were war Bonds in the United States of America. The same thing happened in 1945. However, if we look at what the Treasury is asking to do with this money, these are the kinds of things that we need to borrow for, namely, capital expenditure, the Standard Gauge Railway and LAPSSET. Unless you do not want us to grow or you want to stifle development in our The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}