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{
    "id": 1216779,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1216779/?format=api",
    "text_counter": 60,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": "Just to give a snapshot to Members, the Supplementary Budget in the current printed budget is around Ksh3.3 trillion. On that budget, we had foreseen that we will be able to collect ordinary revenues to a tune of Ksh2.16 trillion. We expected grants of around Ksh33 billion. Also, we had anticipated Appropriation-in-Aid to a tune of just around Ksh300 billion. For a budget of Ksh3.3 trillion to be financed, there is a hole, or in other terms a deficit, of approximately Ksh860 billion. This is money that we budget to use. This is money that we budget on the expenditure side but is not available. Therefore, what we call the deficit is the money that we anticipate to borrow both locally (domestic borrowing), and externally (foreign borrowing)."
}