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"id": 420238,
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"type": "speech",
"speaker_name": "Hon. Musyimi",
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"id": 95,
"legal_name": "Mutava Musyimi",
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"content": "Hon. Temporary Deputy Speaker, the BPS presents forecast revenue, expenditure and borrowing estimates for the medium term. When you look at the document in Table 4, the projects will be shown there and I do not think I wish to go too much into that. Let me however say that the large Budget deficit reflects substantial debt redemption especially the planned repayment of the syndicated loan. Consequently, net external borrowing for the current fiscal year contains the planed sovereign bond estimated at Kshs30 billion. Thus, the net external financing amounts to Kshs238.8 billion up from Kshs226.7 billion estimated in the revised budget."
}