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{
    "id": 1532570,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1532570/?format=api",
    "text_counter": 4823,
    "type": "speech",
    "speaker_name": "Kitui Rural, WDM",
    "speaker_title": "Hon. David Mwalika",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. At the outset, I support the Second Supplementary Estimates because they address a balanced shortfall in critical economic sectors like agriculture, education and security. We all agree that this country has been facing financial management challenges. Balancing revenue and expenditure has been a challenge. Between 2002 and 2013, during President Kibaki's regime, our budget deficit used to be five per cent. However, it has now moved to around 20 per cent. This has resulted in high borrowing and high public debt servicing, which has crippled the development expenditure in this country. The other day, the Cabinet Secretary, Hon. Mbadi, agreed that the revenue projections are very poor in this country. From July to December 2004, we had a shortfall of revenue of Ksh110 billion. Most of us blame the revenue collection system, which is the Kenya Revenue Authority (KRA). However, there are other factors which result in poor projections. One of them is an outdated revenue projection model. When I was working in the National Treasury, we used to have the Kenya Institute for Public Policy Research and Analysis (KIPPRA)- Treasury Economic Model. We used it for projections of revenue and economic growth. We had macroeconomic working groups that used to have National Treasury officials, Kenya National Bureau of Statistics officials, the KRA, and the Central Bank of Kenya (CBK). I believe the assumptions used about 20 years ago through this model are outdated. There is no way they can be used currently because of the changing economic times. I was talking with the Principal Secretary for the National Treasury. He said there was a need to update this model. They were asking for money to update it. The other thing is poor statistics in the country. There is a programme called the East African Statistics Programme for Results. It is a project funded by the World Bank that is being implemented in all East African countries. As we speak, Kenya lags because the Kenya National Bureau of Statistics has been asking for Ksh1 billion. It is only in this Budget that we managed to allocate them Ksh1 billion. World Bank advanced them Ksh2.3 billion. When you The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}