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{
    "id": 41847,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/41847/?format=api",
    "text_counter": 227,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, regarding the expenditures for 2010/2011 Estimates, reflected gross recurrent expenditure amounting to Kshs675.6 billion, including Kshs71 billion, which was to be financed through Appropriations in Aid. The Consolidated Fund Services took Kshs187.7 billion, while development expenditures had provisions of Kshs321.2 billion. Mr. Speaker, Sir, overall, the approved Gross Recurrent Expenditure for the current financial year is now estimated as Kshs695.5 billion with Kshs70.7 billion being financed through A-In-A. Discretionary Expenditures, which are financed directly from the Consolidated Fund, amount to Kshs187.4 billion while the Approved Gross Development Expenditures amount to Kshs303.8 billion, with Kshs9.2 billion being financed through A-In-A and the remainder being financed from the Exchequer. I now turn to the financial projections for 2011/2012. With regard to revenue, the total revenue target for the fiscal year 2011/2012 is Kshs787.6 billion or 24.7 per cent of GDP, comprising of Kshs713.6 billion of ordinary revenue and Kshs75.9 billion of A-In- A. The ordinary revenues are inclusive of Kshs9.2 billion normally collected as A-in-A applied at source, which now has been converted to Exchequer receipts. The targeted revenue is predicated on projected economic growth, the ongoing reforms in tax and customs and administration, and new tax measures, which I will outline later in my Statement. Appropriations-in-Aid now include fees collected by public universities, which were previously not captured in the Budget. Mr. Speaker, Sir, as hon. Members may have noted from their copies of the Printed Estimates, the gross Recurrent Expenditure for 2011/2012 is estimated at Kshs754.4 billion. This includes Kshs70.7 billion, which will be financed through A-in-A and expenditures financed directly from the Consolidated Fund Services amounting to Kshs209.5 billion thus, leaving a net of Kshs474.2 billion for discretionary Recurrent Expenditure. The Consolidated Fund Services comprises Kshs76.6 billion for domestic interest payments; Kshs7.5 billion for foreign interest payments; Kshs31.8 billion for pensions and Kshs3 billion for salaries and allowances of constitutional office holders and other non-discretionary expenditures. In addition, I expect to finance external redemptions amounting to Kshs25.8 billion, and domestic redemptions amounting to Kshs63.4 billion. Mr. Speaker, Sir, the gross Development Expenditure for 2011/2012 is estimated at Kshs398.6 billion. Out of this amount, Kshs136.1 billion will be financed through A-"
}