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{
    "id": 1532408,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1532408/?format=api",
    "text_counter": 4661,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": "Hon. Speaker, it is against this backdrop that the National Treasury has had to review the Budget for the 2024/2025 Financial Year to be in tandem with the actual revenues and realities of the time. The revenues projected when we were preparing last year's Budget were based on the assumption that a Finance Bill would be in place to collect revenues from 1st July to 30th June this year. As I have stated, we have only been able to collect revenues from January to date. We now have to review the revenue projections. We also have to review expenditure projections with the revision of revenue projections. I am glad that the National Treasury has factored all this into its revision of expenditure projections. The National Treasury has made an effort to continue with the fiscal consolidation I spoke about earlier this morning. This is to ensure that we close this financial year with a Supplementary Budget as close to reality as possible."
}