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{
    "id": 1222191,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1222191/?format=api",
    "text_counter": 259,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": " Hon. Temporary Speaker, I was saying that the Committee is still cracking the numbers to ensure that the BPS that comes before this House is a value-chain oriented one that takes money to our priority areas as the Kenya Kwanza Government. This is something that we failed to do in the last regime. We kept talking of the Big Four Agenda that had no resources being committed to it. This time, we want to ensure that our BPS speaks to the value-chain oriented budgeting that we are talking about. We also want to ensure that even the annual estimates will speak to this. When we speak about fiscal consolidation, this will not only be about talk. In response to Hon. Robert Mbui’s question on why we are borrowing, we should have borrowed at least up to 6.2 per cent but we have reduced this. Our fiscal deficit was at 6.2 per cent. The World Bank and the International Monetary Fund had allowed us to borrow up to 6.8 per cent. In the Supplementary Estimates 1, we have brought that down to 5.7 per cent. The figures in this Report are towards fiscal consolidation to ensure that our fiscal deficit goes down to about 3.3 per cent in another three years of the Medium-Term Debt Strategy. Therefore, Hon. Temporary Speaker, I support this Report and urge this House to be vigilant. We must ensure that the National Treasury makes this single Treasury account a reality. Fiscal consolidation must become a reality in this country. The questions of State 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."
}