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{
    "id": 729877,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/729877/?format=api",
    "text_counter": 146,
    "type": "speech",
    "speaker_name": "Hon. Mulu",
    "speaker_title": "",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "The other issue is the public debt. We agree that we have not gone beyond the red light in terms of public debt. We are starting to get a warning light that we are almost getting there. It is important as a country that we start thinking seriously about public debt. If you analyse the public debt, we have put a lot of money in the area of infrastructure. If you analyse the issue of creation of employment and economic growth, there are two areas which if we ignore as a country we will not go far, namely, agricultural and manufacturing sectors. In terms of prioritisation, we need to start shifting some resources to the agriculture and manufacturing sectors. If we do not do that, we will likely not achieve much. The other area which we need to think about as an improvement as we move forward is the area of the implementation of the Budget. Every year we allocate a lot of money but when you look at the way the Budget is implemented, there is a challenge in terms of what we call low absorption rates. We put money in the Budget which is never used. When money is never used and more so in the development budget what happens is that we do not achieve the projected targets in terms of economic growth. That is why every time we keep increasing our deficit because we are not generating enough local revenue to fund our Budget. This is an area those who implement the Budget like the ministries, departments and agencies (MDAs) need to pay a bit of attention in terms of implementing the Budget."
}