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{
    "id": 1056435,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1056435/?format=api",
    "text_counter": 127,
    "type": "speech",
    "speaker_name": "Kieni, JP",
    "speaker_title": "Hon. Kanini Kega",
    "speaker": {
        "id": 1813,
        "legal_name": "James Mathenge Kanini Kega",
        "slug": "james-mathenge-kanini-kega"
    },
    "content": "therefore, my pleasant duty and honor to present to this House, the committee’s report on the two aforementioned policy statements for the Financial Year 2021/2022 and the medium term. The 2021 BPS and the MTDS have been prepared at a time when the global economy is grappling with the adverse effects of the COVID-19 pandemic and the ensuing containment measures. Domestically, the Kenyan economy has experienced a significant income productivity losses arising from the pandemic. Indeed, by the end of the third-quarter, of 2020, the Kenya National Bureau of Statistics (KNBS) estimated that over three million Kenyans were unemployed. This income and job losses were mostly in the informal sector which employs approximately 80 per cent of Kenyans. The BPS 2021 has outlined priority pro-growth policy measures for the 2021/2022 Budget that are aimed at stimulating economic recovery in the Post COVID-19 period. This is in addition to the continued implementation of the MTP3 project as well as the Big Four agenda. The theme of the 2021 BPS is building back better, strategy for resilience and sustainable economic recovery. It is called the bounce-back ability. The 2021 BPS and the MTDS 2021/2022 to 2022/2023, 2022/2023 to 2023/2024 was submitted to Parliament and tabled on the Floor of the House on 11th February 2021, that is pursuant to Standing Order No.232 (5) and (6). The BPS was promptly committed to the Budget and Appropriations Committee as well as departmental committees which were required to deliberate on the documents in line with their respective mandates and make recommendations to Budget and Appropriations Committee. On the other hand, the MTDS Paper was committed to the Budget and Appropriations Committee where it was examined and discussed. The Committee held stakeholders’ consultation with the National Treasury, the Central Bank of Kenya and the Commission on Revenue Allocation to discuss critical aspects of the BPS in the context of the State of the economy. Further, discussions were held with the Ministry of Health, Ministry of Agriculture and Livestock and Fisheries, Ministry of Cooperatives, Development and Marketing, Ministry of Industrialisation, Trade and Enterprise to review the status of the Big Four Agenda projects. The Committee also held meetings with the PSC, the Office of the Auditor-General to review their budgetary needs for the coming financial year. On the same note, we also did a meeting with the Liaison Committee that is composed of the Deputy Speaker and all the Committee chairpersons. Thereafter, the Budget and Appropriations Committee held very fruitful deliberations with the departmental committees and received recommendations on the BPS 2021. Further discussions were also held with the National Treasury before this Report was finalised. The recommendations arising from these discussions are contained in this Report. Once approved by this House, the BPS recommendation will form the basis for the finalisation of the 2021/2022 Budget, pursuant to Section 25(8) of the PFM Act and PFM Regulations 27 and our own Standing Order No. 232(10). On the other hand, the MTDS is expected to inform the country’s borrowing plan over the medium term. After those deliberations, we came up with key recommendations on policy and finances. From the Order Paper, we have clearly enumerated the recommendations that we came up with. Just to highlight, the Committee recommended:"
}