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{
    "id": 51066,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/51066/?format=api",
    "text_counter": 364,
    "type": "speech",
    "speaker_name": "Mr. Sambu",
    "speaker_title": "",
    "speaker": {
        "id": 137,
        "legal_name": "Alfred B. Wekesa Sambu",
        "slug": "alfred-sambu"
    },
    "content": "However, it failed to spell out strategies that the Government used to maintain creditability in exchange rate regime. Mr. Temporary Deputy Speaker Sir, the public debt has hit 50 per cent of GDP. The focus of 2011/12 and medium term is reducing it to about 42 per cent of GDP. The Committee suggested that the public debt must be reduced to sustainable levels of not exceeding 42 per cent by 2013/14. Thus the Deputy Prime Minister and Minister for Finance should reduce the net domestic borrowing to sustainable levels, then provide for contingent liabilities. This is achievable with the concerted efforts in taming run away public expenditure; particularly consumption expenditure should be addressed. The BPS reports on the poor performance of revenue as well as under performance of Appropriation-in-Aid (A-in-A) raised and used at source by Ministries. To this end, the Committee recommends that measures be instituted and some of the A- in-A be reverted back to revenue which should be collected and remitted to the Exchequer. Mr. Temporary Deputy Speaker, Sir, secondly, the BPS projects that the 2010/11 revenue target is unlikely to be achieved just like in the Financial Year 2009/10. The"
}