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{
    "id": 145966,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/145966/?format=api",
    "text_counter": 240,
    "type": "speech",
    "speaker_name": "Mr. Obure",
    "speaker_title": "The Minister for Public Works",
    "speaker": {
        "id": 118,
        "legal_name": "Christopher Mogere Obure",
        "slug": "christopher-obure"
    },
    "content": "Mr. Temporary Deputy Speaker, Sir, it is important to note that the Budget was prepared and presented at a time when the entire world economy is threatened with a very serious recession. It was read at a time when our own economy is facing very severe challenges brought about by both external and domestic factors. The Minister correctly identified the major challenges facing this country, namely; poverty, unemployment, inability to produce sufficient foods for our people and the imbalances created because our resources have not been equitably distributed in the past. We appreciate that these are huge problems and challenges. However, we cannot just sit and wait. Mr. Temporary Deputy Speaker, Sir, we appreciate that the Deputy Prime Minister and Minister for Finance has taken the first step, an initiative to try and tackle some of these problems through the various policy measures he announced. In the face of a depressed economy and the threat of adverse effects of the global financial crisis, the reality we are facing today because our exports earnings are on the decline and our tourism is going down, I feel that the most logical option and the best way forward, in my view, is to allow more public spending. We should have more resources invested in spending through public projects in order to stimulate the economy and trigger more economic activities all the way down. I think this is the best option."
}