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{
    "id": 1354302,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1354302/?format=api",
    "text_counter": 128,
    "type": "speech",
    "speaker_name": "Bonchari, UPA",
    "speaker_title": "Hon. Charles Onchoke",
    "speaker": null,
    "content": " Yes, Hon. Speaker. Thank you for the opportunity to contribute to this debate. We have a Supplementary Budget against the backdrop of a country not having a medium-term plan. One wonders how we can manage our economy without a medium-term plan. We are 11 months into the year without a medium-term plan, therefore, the numbers we talking about are probably flying all over the air. I have listened to the Chairman of the Budget and Appropriations Committee talk about our economy. It is good to compare ourselves with other economies but it only goes as far as to give direction on how we need to manage our economy. The fact that the Federal Reserve System has increased the interest rates of the USA a number of times is not a reason for Kenya not to manage its economy better. We are in a situation where interest rates are high. The reason our shilling is depreciating against the international strong currencies is that our exports are falling short of imports. In other words, we are consuming more imports than we export. Why are exports falling short of imports? The reason is that our main exports from agriculture like tea, coffee, and horticulture, are falling. Why are they falling? It is because the Kenyan…"
}