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{
    "id": 293659,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/293659/?format=api",
    "text_counter": 142,
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    "content": "amounts to Kshs279 billion as indicated in the Financial Statement circulated to hon. Members. However, Mr. Speaker, Sir, excluding the domestic debt rollover of Kshs170.5 billion from expenditures and reflecting external debt redemptions of Kshs26.2 billion as a financing item, while at the same time reflecting loan external financing in a more acceptable international standard practice, the total expenditure would amount to Kshs1,263.2 billion, giving rise to an overall fiscal deficit of Kshs250.3 billion which is 6.5 per cent of the GDP after taking into account grants and LATF adjustments. This will be financed by net foreign financing of Kshs143.6 billion and Kshs106.7 billion net borrowing from the domestic market. This means that the fiscal framework for 2012/2013 Budget is fully financed and there is no financing gap."
}