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{
    "id": 440194,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/440194/?format=api",
    "text_counter": 270,
    "type": "speech",
    "speaker_name": "Hon. Katoo",
    "speaker_title": "",
    "speaker": {
        "id": 199,
        "legal_name": "Judah Katoo Ole-Metito",
        "slug": "judah-ole-metito"
    },
    "content": "Thank you, hon. Speaker. I stand to support this Motion and thank the Budget and Appropriations Committee for the wonderful scrutiny that they have done on the Budget Estimates; especially the way they tried to align them to the Budget Policy Statement laid on the Table of this House some few months ago. Hon. Speaker, the Gross Domestic Product (GDP) grew in the year 2013/2014 by 4.7 per cent. It is estimated that this coming Financial Year of 2014/2015, it will grow by 5.8 per cent. I know the Budget and Appropriations Committee has cast some doubt on that very ambitious proposal by the Executive for some reasons. I want to say that on my part it is possible. As a society, we need to check on some things that may stop or may make the country not to realize such very beautiful economic growth of 5.8 per cent. This will happen if we stop politicking so early. As the political group, we need to stop that. Secondly, if our trading partners stop issuing their travel advisories, our tourism sector will do well. The third point that may make us not realize economic growth is the global terrorism. That has really contributed to high level of insecurity in our country. I think as a country we are capable of achieving that percentage of 5.8 of economic growth this financial year, in spite of those three factors. Hon. Speaker, according to the Budget and Appropriations Committee, there are three aspects that will make us realize development. One is through regional integration. On that aspect, I want to urge the country to move forward. We need to take advantage of the economic and social opportunities through regional integration. That comes if we put more money to our production sectors like agriculture, infrastructure, building and construction, manufacturing and also financial intermediaries. These will help us if we add more value to our products. Hon. Speaker, I was in Dar es Salaam recently and I witnessed how the Kenyan society is affected by inflation. If at all we can just do a little bit of value addition to our products to take advantage of regional integration, it would be good. On the percentages, Recurrent Expenditure seems to be taking a lot. We need to do something to it, if it is not at 50 to 50 level. We need to do something so that it is not so wide as it is seen right now. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}