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{
    "id": 1051955,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1051955/?format=api",
    "text_counter": 192,
    "type": "speech",
    "speaker_name": "Sen. (Eng.) Mahamud",
    "speaker_title": "",
    "speaker": {
        "id": 373,
        "legal_name": "Mohammed Maalim Mahamud",
        "slug": "mohammed-mahamud"
    },
    "content": "and revenue raising measures. The BPS dissects the whole economy of the country and gives an overview of what is happening in the economy and what is expected to happen. This year‘s BPS comes against the backdrop of subdued revenue performance and also poor performance of our economy in terms of recovery. This can be attributed to the crisis we have had along with the other countries during the COVID-19 pandemic that has severed our economy. Nobody knows when the COVID-19 crisis will go away. In fact, it has exacerbated serious challenges that this country must face in terms of revenue raising and expenditures and more so debt sustainability. The report says that the economy has grown by 0.6 per cent in 2020, then it quickly says that the 2021 economic growth is expected to be seven per cent. This looks very unrealistic in the circumstances we are in today where the performance is poor. We still have the COVID-19 pandemic and the debt crisis on our neck, but still talking about a seven per cent growth. According to Section 25 of the PFM Act, Parliament is supposed to consider the BPS as submitted by the National Treasury and submit a report to the National Treasury of their recommendations for inclusion in the final BPS and, finally, in the preparation of the Division of Revenue Act (DORA) and County Allocation of Revenue Act (CARA)."
}