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{
    "id": 1451141,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1451141/?format=api",
    "text_counter": 4525,
    "type": "speech",
    "speaker_name": "Kesses, UDA",
    "speaker_title": "Hon. Julius Rutto",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker, for giving me an opportunity to also contribute to the ongoing discussion on the Supplementary Budget I. We are all aware that we are here because of the unprecedented events that took place. It has caused us now, even prior to operationalising the Financial Year 2024/2025 that just commenced in this month of July, to discuss what will we do to ensure that we run the country. It has been very exciting listening to contributions by Hon. Members. Some of us are now realising the reality of the discussions about funding expenditures meant to further our desire for development, inclusivity, and equitable distribution of resources. We are currently discussing how we are going to manage by reducing what had already excited our intention. It is at this point that we need to speak to ourselves. Talking generally on the aspect of financial management and the clear agenda that the Kenyans are speaking to us, we need to focus. There are many things that we need to speak about, but top on the agenda is the need to call ourselves to a meeting. The reality of every person in governance, that is, from the President, Cabinet Secretaries, Heads of Departments, Semi-Autonomous Government Agencies, parastatals and devolved government units, is that we are faced with limited resources. Looking at the Budget that we are discussing now, Ksh1.2 trillion is earmarked for a first charge called repayment of debt without discussing the retirement of the principal amount of debt. That is our reality. It is at this point that Kenyans are agitating to be considered so that we have equal opportunity to access even the little resources to support our lives. We are looking at economic agendas that are going to spur the growth of our economy but we are now lamenting how we cannot support more borrowing yet the deficit of what we need is taking us in that direction. We cannot finance the existing debts or support our economy by allowing our commercial banks to redirect the resources directly to the economic growth. We are pulling from our commercial banks to support the day-to-day needs of the Government, especially the repayment of debt."
}