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{
    "id": 1055798,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1055798/?format=api",
    "text_counter": 43,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "(i) THAT, the revenue target for the FY 2021/22 be set at no less than Kshs. 2,034 billion, with ordinary revenue target being set at Kshs. 1,775.6 billion. (ii) THAT, the fiscal deficit (including grants) approved by Parliament for the FY 2021/22 is pegged at Kshs. 930.0 billion or 7.5% of GDP, whichever is lower. Any increase of the fiscal deficit beyond what has been approved in the BPS for FY 2021/22 will NOT be approved by Parliament. (iii) THAT, consistent with the debt mix that ensures there is low cost and minimizes risk, Net Foreign Financing be limited to Kshs.530 billion, while Net Domestic Financing be set at Kshs.399.9 billion. (iv) THAT, the Ministerial Expenditure underpinning the programmes for the FY 2021/22 be limited to no more than Kshs.1,307,435.5 million for recurrent expenditure and Kshs.658,938.3 million for development expenditure. (v) THAT, the ceiling for Parliament and the Judiciary be set at Kshs.37,882.7 million and Kshs.17,918.3 million, respectively. (vi) THAT, the expenditure ceilings for the FY 2021/2022 budget be approved as set out in Schedule 2of the Report. For the avoidance of doubt, these ceilings shall be binding and the National Treasury should prepare the budget estimates within these binding constraints. (vii) THAT, having considered the unfunded requests from the Departmental Committees amounting to Kshs. 240 billion, the Committee has identified critical expenditure needs that require urgent funding amounting to Kshs. 45.5 billion as set out in Schedule 1of the Report. More importantly, any revenue-raising measures contained in the Finance Bill, 2021SHALLbe earmarked to fund the aforementioned priority areas. (viii) THAT, county governments be allocated Kshs. 409.88billionfor FY 2021/2022 of which, the County Government Equitable share shall amount to Kshs. 370 billion. (ix) THAT, the allocation to the Equalization Fund of Kshs. 6.825 billion be approved as provided in the Budget Policy Statement. (x) THAT, once approved by the House, these recommendations together with the First and Second Schedule of the Report, forms the basis of the FY 2021/2022 Budget Estimates."
}