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{
    "id": 158342,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/158342/?format=api",
    "text_counter": 169,
    "type": "speech",
    "speaker_name": "Mr. Mudavadi",
    "speaker_title": "The Deputy Prime Minister and Minister for Local Government",
    "speaker": {
        "id": 84,
        "legal_name": "Wycliffe Musalia Mudavadi",
        "slug": "musalia-mudavadi"
    },
    "content": " Thank you, Mr. Temporary Deputy Speaker, Sir. Let me, at the outset, thank my colleague hon. Kenyatta because, in the process of giving me a bit of his time, he has come out very well to demonstrate that the Grand Coalition Government can share. I will make sure that I utilize the ten minutes as effectively as possible. At the outset, I want to support the Motion. By and large, this is more of a procedural process, bearing in mind that very soon, the Deputy Prime Minister and Minister for Finance will be delivering to this House his Budget Statement and also elaborating on the programs and how they should be financed for the next financial year. More importantly, I just want to add my voice to the fact that, perhaps, in Kenya, we may be under-estimating the crisis that we have. It is really important that we talk about it, so that people can appreciate it. You will recall that when the Budget was presented, the projected economic growth was 5.8 per cent. On the basis of the 5.8 per cent, revenue projections and expenditure programs were made. Many other issues were factored in on the basis of that level of growth. The reality now is very different. The reality is that the Ministry of Finance and the Ministry of State for Planning, National Development and Vision 2030 have downgraded the projection to show that the economy is going to slow down to about 3 per cent growth and, perhaps, it will be worse. They have, indeed, listed quite a number of factors. The question that we have to ask ourselves is whether we shall be able to recover rapidly from the 3 per cent growth to a growth level that can come back to 5 per cent within the next financial year. These are very fundamental issues. What are the factors that can enable us to achieve continued"
}