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{
    "id": 1382325,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1382325/?format=api",
    "text_counter": 211,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": " Thank you, Hon. Deputy Speaker. First, I would like to thank and congratulate Hon. Shurie and the entire Committee, including the Vice- Chairperson, Hon. (Dr) Makali Mulu, who is also a member of the Budget and Appropriations Committee. I will go straight to the point because I want to highlight a few things. When the Kenya Kwanza Government came into power, the President was very categorical that Kenya had to reverse its gears concerning borrowing. The Budget and Appropriations Committee alongside the Public Debt and Privatisation Committee and the Departmental Committee on Finance and National Planning have been able to gradually reduce the deficit. In the last financial year, Kenya had a deficit to GDP ratio of about 5.7 per cent which, at some point, came down to 4.5 per cent and later to 5.5 per cent after the supplementary budgets. Although we will be debating the Budget Policy Statement (BPS) tomorrow, what we have managed to do for the next financial year is to bring down the deficit from Ksh886 billion to about Ksh703.9 billion, which is about 3.9 per cent deficit to GDP ratio. This is a good path in managing our appetite to borrow."
}