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{
    "id": 365125,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/365125/?format=api",
    "text_counter": 105,
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    "speaker": null,
    "content": "(iv) 5 billion for the Civil Contingency Fund. Since the approval of that Supplementary Budget in January, 2013, the Government continues to face a number of challenges and emerging priorities which were not anticipated, hence why this Supplementary Budget Estimates are here before this House. Again, the global economy remains very weak during this period, and this is likely to continue during the medium- term measures according to the IMF forecast that was presented in this quarter. Our economic growth is resilient, but is accompanied by a period of uncertainty, just after the general election. This means that there is a huge fall from the revenue raising targets. Expenditure pressure has persisted over this period. Despite the revenue shortfalls during this period, the National Treasury has again received requests for additional funding in the excess of 46.9 billion to mainly cater for the ongoing security operations, for the payment of interest, for the purchase of subsidized fertilizer, for the assumption of office, for the completion of the markets, that is the Economic Stimulus Programme (ESP) markets, which I am sure in a number of constituencies have stalled and for mitigation of adverse effects of floods that happened within this quarter. That is why these Supplementary Budget Estimates are before this House. The Government has considered and recommended the use of Kshs31.9 billion, of which Kshs13.3 billion is for interest payment. Finally, I would like to give the House the highlights of these expenditures as contained in the Estimates Books. Interest payment, as I said, is Kshs13.9 billion. This is required to cater for domestic interest which is about Kshs13.6 billion and foreign interest, which takes about Kshs0.3 billion. Next is security and related operations, Kshs5.2 billion. This is an additional expenditure required for the homeland and internal security operations and for an intervention in Somalia. Hon. Members will agree with me that the President has made a commitment that security will be a priority for this country for the sake of investment. So, Kshs5.2 billion will be used. The purchase of fertilizers will consume Kshs2.7 billion. This is required to cater for the provision of subsidized fertilizers. We want the Government to reduce fertilizer prices from Kshs3,800 for CAN to Kshs1,600. I want to thank the Cabinet Secretary for Agriculture, Livestock and Fisheries for attaining that. The Independent Electoral and Boundaries Commission has been allocated Kshs0.95 billion. This is required to cater for the Makueni senatorial by-election and three by-elections held in Homabay, Kajiado and Murang’a in 2012. This money will be used to cover salary and voter education shortfall."
}