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{
    "id": 1433838,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1433838/?format=api",
    "text_counter": 205,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": "The essence of this is just to show prudence and that we are ambitious as a country in terms of setting the revenue targets but this House is moderating the same optimism so that we come closer to the reality, and the reality is benchmarking as what has been recorded as revenue in the previous period. I say so because in this current financial year we are likely to have a shortfall of revenue collection and it is because of that that this House, the National Treasury and the Executive we felt it is important that we make a budget that aligns with the realities of revenue collection. Hon. Deputy Speaker, I want to say a few more things so that Members can also appreciate. In the calendar year 2023, the economy of Kenya grew by 5.6 per cent in terms GDP ranking Kenya among the 27 fastest growing economies in the world. Our inflation in the month of May was 5.1 per cent year on year, and our inflation in the month of April was 5 per cent. Our benchmark target for inflation is 5 per cent with a band of 2.5 per cent either way. Therefore, it means we are well within our benchmark as a country and that is commendable."
}