Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 440211,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/440211/?format=api",
    "text_counter": 287,
    "type": "speech",
    "speaker_name": "Hon. Njenga",
    "speaker_title": "",
    "speaker": {
        "id": 1510,
        "legal_name": "Francis Kigo Njenga",
        "slug": "francis-kigo-njenga"
    },
    "content": "Thank you. I will be very brief. You have taken one or two minutes, I will be too brief. The Budget and Appropriations Committee, which I am a member, has indicated that we are growing the size of the budget by Kshs10 billion to accommodate public hearing. This takes the budget-making process a notch higher; the citizens of Kenya have now been accommodated. This is an achievement. I have also realized that ordinary revenues are anticipated to grow by about Kshs1.1 trillion. I remember that about 12 years ago, ordinary revenue was about a fifth of that. Everybody has said that he or she would like his or her constituency to have this or that. I also encourage Members of this House to urge their constituents to pay taxes. We cannot grow revenue or grow this country without, as a matter of fact, taking care of the illicit cash flow that is being lost through failure to pay taxes, especially by the informal sector, which is in every county and sub-county. I am also happy because we are going to front a sovereign bond and this will increase the supply of money. Once an increased supply of money is achieved, we expect interest rates to go down. If interest rates go down, we expect that the cost of production of goods and services should also go down. Then, we would expect also, that we are going to compete. So, I congratulate this Budget Policy Statement that concurred that the Kshs1.4 billion on the cases relating to Anglo-Leasing should be paid in order to unlock immense funds for this country. I would also say that, if we have to achieve more, the railway should be coming – the Kshs400 billion is going to be with us. But if we have to move and benefit further from that, we have to improve our GDP growth from 4.7 per cent achieved in the year that ended to 5.8 per cent expected in the coming year and to 7 per cent expected in 2017. Our local consultancy firms should be sought and engaged when we are doing those mega projects. I believe with that, the money will remain in Kenya. If the money remains in Kenya, taxes will be paid here. The money will re-generate further revenue for our country. I believe our local consultancies should also be much cheaper. This House should be very careful to watch that, so that we can get the extra benefits when we enjoy foreign or external funding. The most important and the greatest achievement, according to me, is the improvement of the money that is being sent to the National Titling Center in this country. I had a chance to go to Ruaraka with the Cabinet Secretary and what I saw is like a dream come true. The entire country is geo-mapped, every piece of land is known, the number is inserted, the files are now in order at the various registries - especially the one in Nairobi - and everybody in this country should have a title deed. Having a title deed should not be taken for granted. That is going to reduce the disputes that are 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."
}