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{
    "id": 1591159,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1591159/?format=api",
    "text_counter": 145,
    "type": "speech",
    "speaker_name": "Hon. John Mbadi",
    "speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
    "speaker": null,
    "content": "Hon. Speaker, achieving these strategic objectives will require that we pull in the same direction. It is in this context, that H.E. the President has urged us to put our differences aside, build bridges and focus on implementation of strategic interventions for a better Kenya. In this respect, the theme for this year’s Budget is “Stimulating Sustainable Economic Recovery for Improved Livelihoods, Job Creation and Business and Industrial Prosperity in line with the Bottom-Up Economic Transformation Agenda”. As we move forward in the implementation of the Government’s Agenda, we are also conscious of the fiscal constraints that demand our collective attention and thoughtful action: 1. One, rising demands for increased public spending which could lead to either higher debt or the need to raise taxes, both of which require careful consideration and balanced decision making given current public concerns. 2. Two, face constraints on account of public debt accumulation. Progressively, our debt carrying capacity has narrowed. This calls for prudence and discipline on how we manage and take on new debt. 3. Finally, we face the challenges of mobilising higher tax revenues as we must balance the need for increased revenues with the need to keep the cost of doing business low to stimulate economic growth."
}