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{
    "id": 509316,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/509316/?format=api",
    "text_counter": 57,
    "type": "speech",
    "speaker_name": "Hon. Bunyasi",
    "speaker_title": "",
    "speaker": {
        "id": 2511,
        "legal_name": "John Sakwa Bunyasi",
        "slug": "john-sakwa-bunyasi"
    },
    "content": "Hon. Speaker, the House does not get a chance to approve each contract individually and sometimes some aspects of the public sector borrowing are kept confidential. That veil of confidentiality must be lifted to enable the House to convince itself and satisfy itself that every single shilling that is borrowed will go into good use; it will result in faster growth and it will result in benefiting this country. Hon. Speaker, because the House is going to be interested in looking at the size of the debt ceiling and ultimately what actually constitutes debts and what projects get into the debt, they must have a say. I hope that the appropriate committees will have a close look at the composition of debts. From whom should we be borrowing under such circumstances? Of course, concessional debt will always be the preferred option. What is the optimal mix between those concessional debts, suppliers’ credits, other forms of bilateral and other hard debts that we are getting? Those are the aspects of the analysis that we should demand. I hope in future we can see that statement coming from the Treasury side; so that, as we trust them to go and handle these properly, we must satisfy ourselves that they are doing the best job available in using ceiling that they have been granted. With those few remarks, I beg to support."
}