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{
"id": 1591142,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591142/?format=api",
"text_counter": 128,
"type": "speech",
"speaker_name": "Hon. Speaker",
"speaker_title": "",
"speaker": null,
"content": "I thank you, Hon. Members."
},
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"id": 1591143,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591143/?format=api",
"text_counter": 129,
"type": "scene",
"speaker_name": "",
"speaker_title": "",
"speaker": null,
"content": "(Applause)"
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"id": 1591144,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591144/?format=api",
"text_counter": 130,
"type": "heading",
"speaker_name": "",
"speaker_title": "",
"speaker": null,
"content": "PRONOUNCEMENT OF THE BUDGET HIGHLIGHTS"
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"id": 1591145,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591145/?format=api",
"text_counter": 131,
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"speaker_name": "",
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"speaker": null,
"content": "BUDGET POLICY HIGHLIGHTS AND REVENUE-RAISING MEASURES FOR THE NATIONAL GOVERNMENT FOR FY 2025/2026"
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"id": 1591146,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591146/?format=api",
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"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
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"content": " Thank you, Hon. Speaker and Hon. Members of the National Assembly, for granting me this opportunity to read the Budget Highlights and Revenue-Raising Measures for the Financial Year 2025/2026. It is with great honour and privilege that I present to this esteemed House and the people of Kenya the Budget Statement for the Financial Year 2025/2026. I make this Statement in compliance with Section 40 of the Public Finance Management Act, Cap. 412A and Standing Order 244C of the National Assembly. These legal provisions give life to the binding constitutional requirements of good governance to which the President and certainly the National Treasury and Economic Planning remain fully committed to. At the outset, allow me to express my sincere gratitude to His Excellency Hon. (Dr) William Samoei Ruto, the President of the Republic of Kenya and Commander in Chief of the Defence Forces, for the trust he bestowed upon me by appointing me the Cabinet Secretary for the National Treasury and Economic Planning to provide leadership in economic and financial affairs of our country. I remain mindful of the aspirations and high expectations of Kenyans as I serve in this office."
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"id": 1591147,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591147/?format=api",
"text_counter": 133,
"type": "scene",
"speaker_name": "",
"speaker_title": "",
"speaker": null,
"content": "(Applause)"
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"id": 1591148,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591148/?format=api",
"text_counter": 134,
"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
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"id": 1591149,
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"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "The Constitution protects realisation of economic, social and cultural rights which include the rights to adequate food, housing, education, health, social security, take part in cultural life, water and sanitation, and work. This Budget speaks to these rights and reaffirms the priority policies and strategies aimed at stimulating economic recovery articulated in the Bottom-Up Economic Transformation Agenda (BETA), while highlighting the achievements over the past two-and-a-half years in enhancing the livelihoods of Kenyans. At its core, BETA has adopted a value chain approach, focusing on strategic investment in areas that generate the highest impact, particularly in job creation and income generation at the grassroots level. Significant successes have been achieved through targeted interventions and structural reforms. These measures have laid a solid foundation for economic recovery and set us on a path towards long-term growth and stability. Let me mention a few achievements under BETA. Firstly, the Kenyan economy has remained resilient and registered an average growth of 5.2 per cent for the period between 2023 and 2024, outpacing both global growth of 3.3 per cent and 3.8 per cent for the sub-Saharan Africa region over the same period. Other macroeconomic fundamentals such as inflation and exchange rate have strongly rebounded and are projected to remain stable."
},
{
"id": 1591150,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591150/?format=api",
"text_counter": 136,
"type": "scene",
"speaker_name": "",
"speaker_title": "",
"speaker": null,
"content": "(Applause)"
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"id": 1591151,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1591151/?format=api",
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"type": "speech",
"speaker_name": "Hon. John Mbadi",
"speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
"speaker": null,
"content": "Secondly, the government has rolled out fertiliser and seeds subsidies to farmers across the country. This has boosted production in key food value chains and revived underperforming or collapsed export crops such as pyrethrum. Since February 2024, a total of 6.5 million registered farmers have benefited from the Fertiliser Subsidy Programme. As a result of these initiatives, the cost of fertiliser has declined by 67 per cent, from Ksh7,500 in 2022 to Ksh2,500 in 2025. Maize production has increased by 38.9 per cent, from 61.7 million bags in 2022 to 85.7 million bags in 2024. This is a clear demonstration of the positive impact of our agricultural reforms towards food security and improved household incomes. Thirdly, to support livelihoods and small businesses, the Government has disbursed loans amounting to over Ksh75 billion by the end of May 2025 through the Financial Inclusion Fund, popularly known as the Hustler Fund. This initiative has provided access to affordable credit to over 26 million customers, with a strong base of 9 million repeat borrowers and a repayment rate of 79 per cent. A total of 4.5 million borrowers are eligible to be graduated to the mainstream financing institutions. To build a culture of savings for the future, the Fund has also successfully mobilised Ksh4.5 billion in savings from its beneficiaries. Fourthly, to enhance the attainment of Universal Health Coverage (UHC), the Government has expanded Social Health Insurance. As of May 2025, more than 22 million Kenyans were registered with the Social Health Authority (SHA), representing a remarkable 175 per cent increase in membership compared to the 8 million previously enrolled under the defunct National Hospital Insurance Fund (NHIF). This marks a major milestone in our health sector reforms and brings us closer to our goal of equitable, affordable and accessible healthcare for all."
}
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}