{"id":1077008,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1077008/?format=json","text_counter":214,"type":"speech","speaker_name":"Suba South, ODM","speaker_title":"Hon. John Mbadi","speaker":{"id":110,"legal_name":"John Mbadi Ng'ong'o","slug":"john-mbadi"},"content":"I have looked at the Budget Estimates, both revenue and expenditure, for the Financial Year 2021/2022. I want to highlight the following: We are aware that we come from the backdrop of a world economy that is shrinking. It has challenges basically because of the COVID-19 Pandemic. In the Financial Year 2020/2021, the world economy contracted at the rate of 3.3 per cent. That was almost going to recession. It is now projected to grow at 6 per cent. Fortunately, Kenya’s economy did not contract. It grew at a very low rate of 0.6 per cent. There are Government projects that we will grow at an average of 6.3 per cent in this Financial Year 2021/2022. If you look at it in terms of numerical terms, you may think that it is a very good growth. It is good because it comes from a very low percentage. So, it will not have a big impact on the economy."}