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"id": 1532598,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1532598/?format=api",
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"type": "speech",
"speaker_name": "Molo, UDA",
"speaker_title": "Hon. Kuria Kimani",
"speaker": null,
"content": " Thank you, Hon. Temporary Speaker. I rise to support the Liaison Committee Report on the Second Supplementary Estimates of the Financial Year 2024/2025. This review is a key component of fiscal oversight that ensures that Government expenditures remain within the principles of fiscal responsibility, efficiency and macroeconomic stability. As custodians of public finance, we must balance expenditure rationalisations with the need to stimulate economic growth while maintaining fiscal consolidation to avoid unsustainable debt accumulation. The Kenya Kwanza administration promised to lower the debt ratio as a percentage of the Gross Domestic Product (GDP). Looking at the BPS projections, we hope to reduce our debt as a percentage of GDP to 4.3 per cent. This rationalisation through the Second Supplementary Estimates seeks to further lower that debt as a percentage of GDP, as per the promise of this administration that we will live within our means."
}