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{
    "id": 1545642,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1545642/?format=api",
    "text_counter": 197,
    "type": "speech",
    "speaker_name": "Sen. Tabitha Mutinda",
    "speaker_title": "",
    "speaker": null,
    "content": "because this is an issue that is before the Committee. We have been deliberating on it for amendment, so that more time is given as far as matters budget are concerned. That was just a mention because I know that most colleagues have raised this issue. These are matters that each and every committee has to look at and time has been a key factor. The BPS is a government policy document which sets out the broad strategies, priorities, policies and goals which guide the national and county governments as far as preparation of budgets are concerned. This is a very important process both at national and county levels. As Parliament, it is a mandate that we should undertake. It contains the assessment of the current state of the economy, including the macro focus as well as the Government’s priorities, current pillars, growth and strategy directions, the financial outlook which also concerns government revenues, expenditures, borrowing for the next financial year and over the medium term. We need to have a deeper discussion when it comes to the issue of borrowing. Today, we had the Cabinet Secretary for the National Treasury and Economic Planning and we touched on the issue of borrowing. We realized that as we support counties, some of the monies that we budget for during this process come from what has been borrowed. These loans bring about the issue of domestic and external borrowing. Mr. Temporary Speaker, Sir, it is a matter that we need to be privy to because then that borrowing plays a very big role in as far as these budgets are concerned. That is why, as a Committee, we emphasize on the timelines for the system that is supposed to maximize on the Own Source Revenue (OSR) collection by the county governments. As much as we support county increments, we should be able to push for more OSR at the county level. The proposed expenditure limits for the national Government includes those for Parliament, the Judiciary and the indicative transfers of county governments, as I earlier said, through the Division of Revenue, the fiscal responsibility principles and financial objectives over the medium term, which includes limits on the total debt. We could not have tabled this Report without engaging our stakeholders. At this point, allow me to also mention our stakeholders. I thank them for their massive submissions and our intense discussions starting with the Commission of Revenue Allocation (CRA), the Council of Governors (CoG) led by the good Governor for Wajir County, the Institute of Certified Public Accountants of Kenya (ICPAK), Bajeti Hub, CAF, the Institute of Public Finance, the HENNET, the Institute of Economic Affairs (IEA), Okoa Uchumi, the constitutional commissions, independent offices and members of the public; Mr. Kevin Rono, Mr. Peter Njoroge and Mr. Eliud Matindi. These are stakeholders that we walked the journey with in the different aspects and issues that we tackle in our committee. The theme for the 2025 BPS is: Consolidating Gains under the Bottom-up"
}