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{
    "id": 1451076,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1451076/?format=api",
    "text_counter": 4460,
    "type": "speech",
    "speaker_name": "Wundanyi, WDM",
    "speaker_title": "Hon. Danson Mwashako",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. First, let me say that I support the Report of the Budget and Appropriations Committee as tabled on the Floor of the House this morning by the Chairman, Hon. Ndindi Nyoro. I would like to speak on one recommendation that has been made by the Budget and Appropriations Committee. This speaks to the fiscal responsibility principle of having over 30 per cent of our Budget allocated to development expenditure. As we speak, the circumstances we find our country in, the Budget and Appropriations Committee has agreed with the National Treasury to reduce the development expenditure by a whopping Ksh107 billion. This translates to about 28 per cent of our Budget that goes to development expenditure. According to our Public Finance Management Act, it mandates that in every year’s Budget, a minimum of 30 per cent budget goes to development. We have recommended that in the next Budget Policy Statement, to be done in February 2025, the National Treasury must adhere to the principle of where a minimum of 30 per cent goes to development. I say this because we know that for our economy to grow, we must have The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}