Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 941520,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/941520/?format=api",
    "text_counter": 436,
    "type": "speech",
    "speaker_name": "Sen. Olekina",
    "speaker_title": "",
    "speaker": {
        "id": 407,
        "legal_name": "Ledama Olekina",
        "slug": "ledama-olekina"
    },
    "content": "Thank you, Mr. Deputy Speaker, Sir. I rise to make my contribution on this very important Motion. I am very happy that it has come at a time when this House has come out as the House of reason. Today as I rise to contribute to this Motion, I am worried about the future generation. I am worried about the burden which we, in the current generation, are continuing to heap on the future generation. We are told choices have consequences. Mr. Deputy Speaker, when you think about the cost of borrowing in this country think about this Motion today and the actions of our voting today, either ‘yes’ or ‘no’, tomorrow the cost of borrowing in this country will skyrocket. Our economy will continue to stagnate. We have got to look at the whole issue of the economy in a much broader spectrum. We need to ask ourselves: If we allow Treasury to raise the ceiling of borrowing debt in this country, how will we oversight them to ensure that we do not continue getting deeper down in the hole? My biggest worry is that currently, the Government is trying to carry out every single project in this country. Private sector is not being given an opportunity to be able to help the economy grow. Monopoly is something which is being encouraged with the heavy borrowing that we are doing. I was reading this Report which has been tabled here. The interest rates that the Government is currently paying from commercial banks worries me."
}