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{
    "id": 1504366,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1504366/?format=api",
    "text_counter": 277,
    "type": "speech",
    "speaker_name": "Kiharu, UDA",
    "speaker_title": "Hon. Ndindi Nyoro",
    "speaker": null,
    "content": "Speaker, even when the Commission on Revenue Allocation tries to project own-source revenues, there are always shortfalls. This is understandable, as when there is a shortfall in one area, it is likely to be symmetrical because we are dealing with the same economy. The shortfall in revenue targets that we experience at the national level is the same challenge faced by county governments. This calls all of us—this House, county assemblies, the National Treasury, and County Executive Committee Members of Finance in our county governments… I think it is better to project less than more. It is better to deal with the surplus when it appears than deficit when it accentuates itself like in this situation. Just a snapshot, this is how it happens. When we pass a Budget like the Ksh3.88 trillion one we have, revenue is on one side and expenditure on the other side. You know that government is a revolving door. For the pensions civil servants are paid, as an example of before I joined the Budget and Appropriations Committee, I used to think there is a bank account to which your deducted money is deposited. I am sure that is what most people think. However, there is no such a kitty. Government is a revolving door. There is no granary even for deducted pension itself. All these monies are the monies we collect as taxes every day. Even for persons who retired 15 years ago, there is no deducted money in any bank account. It is the taxes we are collecting today that pays their pensions today."
}