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{
    "id": 878095,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/878095/?format=api",
    "text_counter": 536,
    "type": "speech",
    "speaker_name": "Sen. Mahamud",
    "speaker_title": "",
    "speaker": {
        "id": 373,
        "legal_name": "Mohammed Maalim Mahamud",
        "slug": "mohammed-mahamud"
    },
    "content": "Mr. Deputy Speaker, Sir, on the statement about the debts, the Public Finance Management (PFM) regulations place a maximum threshold of public debt as a share of the Gross Domestic Product (GDP) in net present value terms at 50 per cent. This has been breached by 9.9 per cent for the year 2019, and is set to remain above the threshold at the medium term. Other indicators that the country has breached the threshold in 2018 include the ratio of present value of debt service to revenue at 47 per cent instead of 43 per cent."
}