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{
    "id": 1451057,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1451057/?format=api",
    "text_counter": 4441,
    "type": "speech",
    "speaker_name": "Khwisero, ODM",
    "speaker_title": "Hon. Christopher Wangaya",
    "speaker": null,
    "content": "However, as we laud the areas that have been allocated funds and taken care of, it disturbs my mind and I may not be an authority on matters of economics, but I think that the National Treasury technical team is failing this country. Looking at the cuts done to this Budget, the development account is losing close to Ksh137 billion. As you may know, when you reduce economic activities, the economy of that country will not grow. I do not know the wisdom that the National Treasury is bringing forward by saying that the economy of Kenya will grow by 5.5 per cent this year, when it has gone ahead and reduced about Ksh138 billion from the Budget. Hon. Temporary Speaker, the National Treasury focused more on reducing money for development funded by GoK, without, in the same measure, reducing the recurrent budget, which we think is where most money is lost. Going forward, the balance must be arrived at so that when reducing money for development, then the commensurate should be the same to the recurrent expenditure. If the Government of Kenya does not realise the money within the Financial Bill 2023, then it means that the national Government will bear the shortfall. As we move forward, it is important that the county governments are brought on board so that when the target is not realised, then together with the national Government, they share the spoils. Lastly, Hon. Temporary Speaker, we must rationalise our expenditure, but touching on domestic travel and expenditure also affects the growth of an economy. I have read the Report from the National Treasury that it intends to support economic growth by supporting the service industries. However, if the money supporting these hospitality industries is reduced, then the economy will not grow. Hon. Temporary Speaker, I support. Thank you."
}