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"id": 147066,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/147066/?format=api",
"text_counter": 16,
"type": "speech",
"speaker_name": "Mr. Kenyatta",
"speaker_title": "The Deputy Prime Minister and Minister for Finance",
"speaker": {
"id": 168,
"legal_name": "Uhuru Muigai Kenyatta",
"slug": "uhuru-kenyatta"
},
"content": "The 2009/2010 Budget is formulated against the backdrop of many challenges, both on the global and on the domestic fronts. The global economy is facing the worst recession ever since the Great Depression, a phenomenon that is adversely affecting the economies of developing countries, Kenya included. Industrial countries have taken huge supportive interventions to mitigate the effects of the global financial crisis, but the impact is yet to be felt, thus leaving the developing countries exposed and vulnerable."
}