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{
    "id": 440243,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/440243/?format=api",
    "text_counter": 319,
    "type": "speech",
    "speaker_name": "Hon. Lati",
    "speaker_title": "",
    "speaker": {
        "id": 2762,
        "legal_name": "Jonathan Lelelit Lati",
        "slug": "jonathan-lelelit-lati"
    },
    "content": "Thank you, hon. Speaker. Under Article 221 of our Constitution, one of the requirements of the budget process is for the Budget and Appropriations Committee of Parliament to do public hearings across our country. This year, we went to nine counties and one of them was the great county of Samburu. I want to register my appreciation, both to the Parliamentary Committee and particularly to those Members who went to Samburu. This is one of the things that are very important. I also really appreciate that this House, represented by this Committee, can visit Samburu, a place that has never been visited. For the first time in the history of our country, the people of Samburu had a say in the budget-making process of our country. I know that what they said in Maralal on that day will not go down in vain. We will get some of the projects done this year. As we go through those public hearings, we will also get more done over the years. So, I want to register my sincere appreciations that, for the first time in the history of our country, Samburu County was part of the budget-making process of our country. That said and done, this is the best Budget we have had in many years. It is supported by so many fundamentals that surround our economy. Our macro-economic environment is stable. The focus on our GDP is at 5.8 per cent, which is above the Sub- Saharan average. The relative resilience of the Kenya Shilling is something that is very important. We have low inflation pressure. But we also do have some weakness within our economy. When you look at the systematic import-export parity, it is a big risk to our economy. The good thing about this Budget is that it is well funded both by debts and revenues. It is important to note that for the first time in the history of our budget-making, we will have a Sovereign Bond that is voted in Europe this year. The Europe Bond is currently being sold out in the United States of America (USA) and Europe. The importance of that bond is so great. That is because for the first time, the Government of Kenya is taking out the clouding effect out of our country and borrowing outside. That one has very important implications for the growth of our economy and it boils down to the Wanjikus . That is because lowering of 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."
}