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{
    "id": 1422519,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1422519/?format=api",
    "text_counter": 140,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": " Hon. Temporary Speaker, we are dealing with a deficit to GDP ratio of 2.9 per cent, which is the right trajectory for our economy. It is already giving the right signals to our markets. That is why we see the cost of borrowing domestically and externally coming down. Therefore, it is in the interest of this House and our country that as we consider the Budget Estimates for the next financial year, of which the Division of Revenue is a component, we should have this fact in mind. It is proper that we know that the Estimates we will consider are inelastic. We are dealing with a closed envelope. If we were to consider a figure that is higher than the Ksh391 billion contained in the BPS, certain votes and expenditure lines must give way for the difference. It is important for this House to know some of the options on the table, if we have to increase the sharable revenue to the counties from Ksh391 billion. The first proposal would be to slash the Road Maintenance Levy Fund (RMLF) that goes to the counties by Ksh10 billion. That is why the Budget and Appropriations Committee rejected the amendment by the Senate. The second consideration for us to bridge the gap of Ksh24 billion would be to slash the NG-CDF proposed allocation by Ksh10 billion. If, in the wisdom of this House, we agree with the Senate, then we will have no choice but to slash the said amounts to go to the shareable revenue to counties."
}