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{
    "id": 147168,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/147168/?format=api",
    "text_counter": 118,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, the implementation of the Financial Year 2008/2009 Budget was faced by numerous challenges. Those included difficulties in achieving the revenue targets due to a slow down in the economic growth, substantial additional requirements for the importation of food, fertilizer and expenses on drought and famine and the negative impacts of the global financial crisis. Mr. Speaker, Sir, with this backdrop in mind, I wish to take this opportunity to briefly apprise hon. Members on the financial outturn for the Year 2008/2009. In the last Budget, it was estimated that total revenues including fees and duties collected and applied at source would amount to Kshs512.7 billion, comprising of Kshs467.9 billion in ordinary revenue and Kshs44.8 billion in Appropriations-in-Aid (A-in-A). However, due to the slowdown in economic activities and other challenges, total revenues are now estimated to reach Kshs501.9 billion by the closure of this Financial Year."
}