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{
    "id": 1056444,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1056444/?format=api",
    "text_counter": 136,
    "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": "Hon. Speaker, we also have other recommendations underpinning the fiscal framework. With this regard, I want to report that the revenue target for the Financial Year 2021/2022 is not less than Kshs2.034 trillion and the ordinary revenue target is Kshs1.75 trillion. The fiscal deficit, including grants approved by Parliament for the Financial Year 2021/2022, is pegged at Kshs930 billion or 7.5 per cent of Gross Domestic Product (GDP). Any increase of the fiscal deficit beyond what has been approved in the Budget Policy Statement for the Financial Year 2021/2022 will not be approved by Parliament. We are doing this because we want to reduce this appetite of borrowing without the concurrence of this House. We also encourage the National Treasury to have the fiscal consolidation which will improve the fiscal policies that we have in the country."
}