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{
"id": 105768,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/105768/?format=api",
"text_counter": 297,
"type": "speech",
"speaker_name": "The Deputy Prime Minister and Minister for Finance (Mr. Kenyatta)",
"speaker_title": "",
"speaker": null,
"content": "Mr. Speaker, Sir, I beg to move: THAT, a sum not exceeding Kshs27,616,519,830 be granted from Consolidate Fund to meet expenditure during the year ending 30th June, 2010 in respect of Supplementary Estimates of 2009/2010 Financial Year (Recurrent) having regard to the proposed reduction of Kshs4,679,303,495 therein appearing. THAT, a sum not exceeding Kshs14,392,008,839 be granted from the Consolidated Fund to meet expenditure during the year ending 30th June, 2010 in respect of the Supplementary Estimates of 2009/2010 Financial Year (Development) having regard to the proposed reduction of Kshs23,275,698,905 therein appearing. Mr. Speaker, Sir, His Excellency the President has given his consent to this Motion. Mr. Speaker, Sir, the planned financial outlay for the Financial Year 2009/2010 which I presented to this House in June, 2009 amounts to Kshs867.6 billion. This amount comprised of Recurrent Expenditure which amounts to Kshs606.7 billion; Development Expenditure amounting to Kshs258.9 billion; and, a Civil Contingency Fund of Kshs2 billion. Recurrent Expenditure includes Ministerial expenditure of Kshs419.2 billion and Consolidated Fund Services (CFS) payment comprising of Kshs187.5 billion. Development Expenditure comprises of Kshs155.1 billion that is domestically financed and Kshs103.8 billion that is foreign financed. The Financial Year 2009/2010 Budget was fully funded. Mr. Speaker, Sir, since I presented the Budget for the 2009/2010 Financial Year, we have experienced both drought and, indeed, El nino type floods. We had anticipated drought and other contingencies at the time of formulating the Budget, but not to the extent we have experienced. This has, in turn, led to an increased demand for additional funds to mitigate adverse effects arising from these challenges. During the appropriation of this yearâs Supplementary Budget, Treasury received requests for additional funding amount of Kshs126.3 billion from line Ministries and Government Departments to enable them to continue provide related services. However, due to hard budgetary constraints and the need to maintain a stable macro-economic environment, these expenditure requests have had to be rationalized and limited to key interventions that could not be postponed. Arising from the rationalization exercise, we are recommending for approval of additional funding to priority and essential services amounting to Kshs49.1 billion and Kshs3.24 billion for CFS. Mr. Speaker, Sir, some of the urgent and strategic interventions for which I am seeking additional funds include: Provision of voter registration and other preparatory activities for the national referendum on the proposed Constitution, Kshs5.6 billion; drought emergency related expenditure, Kshs24.2 billion; El NiĂąo flood interventions, Kshs4.5 billion; purchase of excess maize from farmers for Strategic Grain Reserve (SGR), Kshs1.3 billion; shortfall of the national census, Kshs2.7 billion; enhanced security operations, Kshs2.5 billion; and, the first tranche of the university salaries under the Collective Bargaining Agreement of Kshs9.14 billion. Mr. Speaker, Sir, to provide resources for the strategic interventions and emergency expenditures, we have rationalized the Budget and made reallocations amounting to Kshs22.9 billion. The balance of Kshs22.1 billion will be financed using existing contingency for drought and emergency budget reserve and mop-up cash surplus in State Corporations. This leaves a balance of Kshs16.5 billion that will be unfunded. It is in this context that I seek approval from this House to borrow an additional Kshs16.5 billion from the domestic market to complement the above-mentioned efforts."
}