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{
    "id": 41775,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/41775/?format=api",
    "text_counter": 155,
    "type": "other",
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    "speaker_title": "",
    "speaker": null,
    "content": "developing targeting 1.5 million small holder farmers and over 10,000 agri-businesses throughout the country. For the people in Nairobi, we will embark on the building, and we have set aside Kshs2.9 billion for the construction and expansion of an urban commuter rail. For rural and marginalized communities, decentralization is coming sooner than later with expanded funds to CDF to complete critical projects for the benefit of the poor and earmark resources for basic services in marginalized areas in the spirit of the new Constitution on progressive equitable development. vi. For businesses, we have continued investment in upgrading of infrastructure in roads, energy, airport and now Kshs3.25 billion for the construction of standard gauge railway line; supporting skill development and expansion of university education. For small-scale businesses, a further Kshs1 billion SME Fund, in addition to the Kshs900 million earmarked in the current financial year to boost business and further expansion of resources accessible through Youth Enterprise Development Fund of Kshs385 million and the Women Enterprise Development Fund amounting to Kshs440 million. vii. For the Constitution implementation, we have allocated adequate resources to the Judiciary, Parliament, the electoral process and other Constitution related activities. In addition to this, we are spending billions of shillings to expand and construct irrigation projects countrywide and transform agriculture into business to create employment, reduce poverty and assure food security - an issue that has eluded us for years. All these come at a time when we have to implement the new Constitution and still live within a sound fiscal framework. Countries that have managed to engage the youth in gainful employment and put a dent on poverty have grown their economies uninterrupted for many years. Recent examples in this regard include Brazil, Russia, India and China, now named as BRICs. These economies have been able to grow at an annual average rate of 10 per cent, the same growth rate we envision under our Vision 2030. They have done this by mobilising larger amounts of resources, raising factor productivity and moving to a higher value added and more efficient production structures. Because of limited public resources, they have relied on the private sector to meet their economy’s resource requirements, while developing appropriate market environment to promote efficiency and productivity. Mr. Speaker, Sir, surely, as a country, we can do these extraordinary things and give a sense of hope to our youth and secure the future of our country. I see the vision and hope that our youth have in the future of this great nation. As politicians, we have a duty and responsibility to give realism to that hope. The current situation of high youth unemployment is unacceptable and, if not addressed, will soon start to present challenges to our social stability. There is, therefore, need to start to work together through this Budget to expand the frontier of economic opportunities for our youth in order to allow them access to gainful engagement, and enable them to also contribute with dignity to the important task of nation building. This is the only way we can bequeath a brighter and more prosperous future to the next generation. We can only create these opportunities if we expand our economy, and in a manner that covers all sectors. Sustaining inclusive growth requires us to continue building transparent, responsive, accountable, efficient and effective national and eventually county governments as well as providing an appropriate environment for"
}