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{
    "id": 102808,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/102808/?format=api",
    "text_counter": 205,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "We are being presented with a Financial Statement when the state of the economy is clearly looking up both locally and internationally. We have received a statement of the Budget when the weather conditions in this country are favourable giving good signals for potential growth and moving forward. It is also true that the effects of the global financial meltdown that was felt across the globe and affected trading and businesses locally has now eased off and the global environment is also looking positive. We are also debating the state of our national Budget when we know that the Treasury and the Central Bank of Kenya (CBK), to a great extent, have been able to tame interest rates to manageable levels of 5 per cent down from as high as 14 per cent last year as well as inflation rates which have also come down as low as 7 per cent. Mr. Temporary Deputy Speaker, Sir, we are saying that the Budget that was presented here, therefore, comes against the background of very positive and forward- looking economy where the growth of the Gross Domestic Product (GDP) is on the rise from as low as 1.6 per cent last year. Currently, the GDP stands at 2.6 per cent and is moving upward to what Kenyans expect to be more than 5 per cent by the end of next year. It is good to note that Kenyans have expectations. We all know that during the Budget Day, nearly every Kenyan who can access a television set or listen to a radio usually have their ears and eyes glued to what is presented and those who do not have the same are keen to read in the media the following day what was presented. This means that Kenyans have expectations, and this year is not different at all. So, I would like to state one, two or three key expectations for Kenyans as they analyse or look at the Budget. First, Kenyans in this country are looking and assessing the Budget and asking these questions: In this viable economic environment, where will jobs be created? Which sectors of the economy will create returns and output that are capable of being exported so that we create gainful opportunities locally and enhance consumption of local goods instead of waiting for us to create employment and opportunities outside by always importing? Out of our taxes, which are the key sectors of the economy where the Deputy"
}