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{
    "id": 1216922,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1216922/?format=api",
    "text_counter": 203,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr) Ojiambo Oundo",
    "speaker": null,
    "content": "The Supplementary Budget retains some form of subsidy and, of course, overhauls other forms of subsidies that were presented by the previous regime. In totality, subsidies have one net effect – to distort the market. They are not long-term and have no room in any progressive economy. The remedy is to look at ways of improving income and reduce inflation. We reduce inflation by playing around the monetary policy and other physical tools. I hope and pray that the new regime, with the brilliant mind of the Chairperson, Public Accounts Committee, will literally get into this realm instead of relying on short-term solutions to long term problems and problems whose solutions are known all over the world in academia. Let me address myself to the blatant abuse of Article 223 of the Constitution. The blame squarely lies on the Controller of Budget’s Office. Article 228(5) of the Constitution makes it clear that it is the Controller of Budget who approves any expenditure and in doing so, he or she must be satisfied that it is lawful, constitutional and for the benefit of the country. Paragraph 21 of the Report of the Committee is a very interesting read. It reads: “The Controller of Budget informed the Committee that her office was under undue pressure and duress to approve some of the said disbursements.” By succumbing to such kinds of pressure, The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}