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{
    "id": 1591149,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1591149/?format=api",
    "text_counter": 135,
    "type": "speech",
    "speaker_name": "Hon. John Mbadi",
    "speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
    "speaker": null,
    "content": "The Constitution protects realisation of economic, social and cultural rights which include the rights to adequate food, housing, education, health, social security, take part in cultural life, water and sanitation, and work. This Budget speaks to these rights and reaffirms the priority policies and strategies aimed at stimulating economic recovery articulated in the Bottom-Up Economic Transformation Agenda (BETA), while highlighting the achievements over the past two-and-a-half years in enhancing the livelihoods of Kenyans. At its core, BETA has adopted a value chain approach, focusing on strategic investment in areas that generate the highest impact, particularly in job creation and income generation at the grassroots level. Significant successes have been achieved through targeted interventions and structural reforms. These measures have laid a solid foundation for economic recovery and set us on a path towards long-term growth and stability. Let me mention a few achievements under BETA. Firstly, the Kenyan economy has remained resilient and registered an average growth of 5.2 per cent for the period between 2023 and 2024, outpacing both global growth of 3.3 per cent and 3.8 per cent for the sub-Saharan Africa region over the same period. Other macroeconomic fundamentals such as inflation and exchange rate have strongly rebounded and are projected to remain stable."
}