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{
    "id": 293455,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/293455/?format=api",
    "text_counter": 114,
    "type": "other",
    "speaker_name": "",
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    "content": "expansion in agriculture, tourism, construction, transport and communication and ICT, while exports will continue to benefit from relatively strong growth in the sub-region and emerging economies of India, Brazil, China and Eastern Europe. New measures will have to be introduced to diversify and promote Kenya’s exports globally, especially exports of services. Mr. Speaker, Sir, whereas the projected growth is still below the target envisioned in Vision 2030, and below the rate needed to significantly reduce poverty and draw more youth to employment, we recognize that further upscaling would require mobilizing large amounts of resources, raising factor productivity and moving to a higher value added and more efficient production structure to increase export growth. Mr. Speaker, Sir, given the limited public resources at our disposal, we rely on the private sector to meet the economy’s resource requirements, while we provide the appropriate market environment to promote efficiency. To achieve this, the Government will sustain micro-economic stability, undertake further structural reforms to improve efficiency in the public service, enhance private sector access to credit through further reforms of the financial sector and increase private sector participation in infrastructure development under a robust private-public partnership (PPP) agenda. Hon. Members will recall that we submitted the 2012 Budget Policy Statement in April this year. We had indicated that the baseline ceilings therein are not taking into account the additional spending proposals that were under consideration. The 2012/2013 Budget Estimates now include about Kshs50 billion as additional to the ceilings initially allocated to Ministries. These additional expenditures relate to:- 1. implementation of the Constitution covering proposals not accommodated within the baseline ceilings; 2. strategic intervention in areas of education and health, especially recruitment of teachers and nurses; 3. infrastructure covering urban commuter railway upgrade and rural and feeder roads; 4. security particularly recruitment of additional security personnel; 5. agriculture, especially irrigation programmes and other food security programmes; 6. specific consideration to job creation for the youth based on sound initiatives identified within and outside the normal Budget preparation; 7. interventions identified during the country stakeholders consultations for the 2012 Medium-Term Expenditure Framework (MTEF) Budget. Mr. Speaker, Sir, to accommodate these additional expenditures we rationalized Ministerial proposals to realize savings, including using Kshs51.1 billion that had initially been set aside for the contribution to the Civil Service Pension Scheme, which is now expected to be effective beginning July 2013. In addition, we expect additional resources from the African Mission in Somalia (AMISOM) to accommodate increased expenditure of the defence budget. Finally, additional room arose with the firming up of the resource envelope. Mr. Speaker, Sir, with these adjustments and Parliament’s recommendations on the Budget Policy Statement, we prepared estimates of expenditure which we submitted to this House on 26th April this year in accordance with the Constitution."
}