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{
    "id": 282871,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/282871/?format=api",
    "text_counter": 431,
    "type": "speech",
    "speaker_name": "Mr. Mbadi",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "Madam Temporary Deputy Speaker, I want to specifically mention a few highlights of this Budget Policy Statement. First of all, I want to talk about the projected rate of growth. I think following the events in the global market both internally and externally, they show that there is likely to be slowed economic growth. Therefore, given also that we are approaching elections; that elections will be conducted in this financial year--- Even if they are done in December or March next year, it will still be in this financial year. Elections come with uncertainties and political risks. Therefore, the projected economic growth of 5.7 per cent is ambitious. Last year, I remember many stakeholders and professionals criticised the projected economic growth. The Treasury believed that what they had projected was correct, only to turn out that our fears were actually genuine. I would expect that this time round, the Treasury listens to everyone else and have a correct projection of economic growth. That way, they will not be the only ones who believe in such an accelerated growth. Our suggestion is to lower the projected growth by 0.5 per cent. I still feel that, that probably will still be high. But, obviously, the rate as projected by the Treasury is off the mark."
}