Entry Instance

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

{
    "id": 1250562,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1250562/?format=api",
    "text_counter": 1660,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": "Financial Statement (CFS), that is the repayment of debts. Actually, a majority of the money is going to repayment of interest rates for domestic debt. We will also be transferring Ksh385 billion to our counties as equitable share. That is the general framework of our budget. I wish to say something about the revenue side. We have had handicaps in the recent past, having a budget with mismatch in revenue and expenditure. That has necessitated the many supplementary budgets, many of which scale down expenditure because of unrealised revenue. We are very buoyant this time. With the kind of leadership in that organisation and in anticipation of having a substantive Commissioner-General, we are very optimistic that the Kenya Revenue Authority will enhance revenue collection for us to bridge that gap. We know that for sure because of the administrative and policy reforms in KRA. Hon. Deputy Speaker, I also wish to say something about A-in-A. It is one of our revenue streams as a nation. As the Budget and Appropriations Committee, we believe there is still a lot of room for us to raise enough A-in-A by optimising on institutions of the Government, especially those with revenue streams. We believe there is a lot of room for improvement and that majority or some organisations in MDAs running from the Exchequer could run through A-in-A very ably. Therefore, we are very optimistic on that end. I wish to say something because I will be referencing on the GDP many times. I wish to say something around that jargon called the GDP. Sometimes we throw these jargons around and then people get lost. What is the GDP that we mention all the time we do budgets or when dealing with public finance management, and all the time we deal with the economy? What is the thing that we refer to as the GDP? Figuratively, if there was an auction of countries somewhere, the value in terms of global prices that Kenya would fetch is what would be the GDP. There are three ways on how you can calculate that GDP. First, in terms of aggregating all the household revenues, namely, incomes. Secondly, I am making this case because it will be an incessant jargon. Going forward, this is where you calculate the GDP by aggregating private consumption, class, private investments, then Government, that is G, that is both Government investment and consumption and then plus X minus M, which is exports minus imports."
}