Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1216798,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1216798/?format=api",
    "text_counter": 79,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": " Thank you, Hon. Speaker. I was talking about Article 223 of the Constitution. We feel that we need to tighten regulations on how the Treasury can make use of it. We considered several proposals. In the considered opinion of Departmental Committees and the Budget and Appropriations Committee, we considered and passed all expenditures made under Article 223 of the Constitution except two. One was the payment of about Ksh6 billion to Telkom Kenya and the second one was the payment of about Ksh4 billion for the unga subsidy. These were not purely our recommendations as the Budget and Appropriations Committee; we took up recommendations of the relevant Departmental Committees. Since details on the two expenditures were not forthcoming, we passed all the other expenditures except the two. Even if I have talked about the circumstances under which these Supplementary Estimates were considered, I request that you permit me to address one matter which is very close to the hearts of Members of this House. When inflation and the cost of living go up, they directly affect the people we represent. There are many issues that have brought about the kind of inflation we are experiencing, especially the food basket. Earlier, I talked about supply chain disruptions as a result of the war going on in Ukraine. Our country is also going through a serious drought that we have not experienced in the last 40 years. Allow me to demonstrate in a minute, for the benefit of all Members, what we look at as we consider the effects of inflation from where we sit. I gave this analogy in Mombasa during our induction. Inflation is caused by two things: monetary-propelled inflation and physical-propelled inflation. Monetary inflation is caused when there is a lot of money in circulation. If you have a kiosk in the Central Business District selling unga, inflation can occur when the people who buy unga have so much money and go to the same shop to demand for more unga . Consequently, the owner of the kiosk increases the price of unga because he is there to make money, and so he increases his margin. That is monetary-propelled inflation. Physical inflation is more or less about the supply chain. The same kiosk and the same customers could be there and the kiosk sells 20 bales of unga per day. The lorry that delivers"
}