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{
    "id": 778174,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/778174/?format=api",
    "text_counter": 253,
    "type": "speech",
    "speaker_name": "Hon. Mulu",
    "speaker_title": "",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "are actually taking more money than even the national Government. Therefore, this is another area we need to think about. On the issue of public debt, I have said many times that it depends on the way you look at it. It is simple. There are indicators called “international thresholds”. They have not reached a bad level. They are not very bad, but what we are saying is that we should look at the debt service to revenue ratio. We are already over the threshold of 30 per cent. Let us not just mention the good ones. When you are above the threshold, it gives you a signal that if you continue that way, you are likely to be in the red zone. Let us remain in the green zone. In that case, we will be helping this country. How do we move to the green zone? Control your expenditure, reduce wastage and generate more revenue. If you do those three things, you will be back in the green zone. In that case, you are helping this country, but when you start shouting here, you are not helping. If you pay more in terms of debt, you are reducing the revenue you remain with because debt payment is a first charge in the Consolidated Fund. You reduce the revenue you remain in terms of budget flexibility…"
}