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{
    "id": 1056535,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1056535/?format=api",
    "text_counter": 227,
    "type": "speech",
    "speaker_name": "Isiolo North, KPP",
    "speaker_title": "Hon. Hassan Hulufo",
    "speaker": {
        "id": 13348,
        "legal_name": "Hassan Oda Hulufo",
        "slug": "hassan-oda-hulufo-2"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker. I would like to support the Report of the Committee on the Budget Policy Statement by highlighting a few things; having gone through the financial resolutions. In terms of the debate about fiscal deficit, I agree with the Members who have spoken before me that, as a country, we have been living beyond our means. However, sometimes there is no harm if we borrow and invest in productive sectors which grow the economy and generate employment, and if we invest in infrastructure to open up areas where we have unexploited natural resources. As far as we know, this is happening. Therefore, the deficit is still manageable. Various experts in this House have said that as of now, it is still manageable. I would like to also speak on the Equalization Fund. It was created as a result of negotiations when we were writing our current Constitution. The provision of Article 204 of our Constitution requires that the National Government sets aside one half of all revenues generated by the National Government. This is supposed to be on the basis of the most recent audited accounts. Unfortunately, we are behind schedule and most of the times this applies to the share given to the county governments as well as the National Government Constituencies Development Fund (NG-CDF). The audited accounts are many years behind."
}