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{
    "id": 449997,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/449997/?format=api",
    "text_counter": 97,
    "type": "speech",
    "speaker_name": "Mr. Henry Rotich",
    "speaker_title": "The Cabinet Secretary for the National Treasury",
    "speaker": {
        "id": 13142,
        "legal_name": "Henry Rotich",
        "slug": "henry-rotich"
    },
    "content": "Before I proceed, allow me to record my deep appreciation to the Budget and Appropriations Committee, under the chairmanship of hon. Mutava Musyimi, for constructively steering the review of the 2014/15 Budget Estimates. In the same vein, I wish to express my gratitude to my Principal Secretary and the staff of the National Treasury, for the excellent work done in the preparation of the 2014/15 Budget. We have framed the budget for 2014/15 against a backdrop of improving global economic prospects. The world economy is projected to grow by 3.6 percent in 2014, up from about 3 percent in 2013, buoyed by gradual strengthening of advanced economies. The growth of emerging markets and developing economies, however, continues to slow down due to new policy challenges. In Sub-Saharan Africa, growth remained robust at about 5 percent in 2013, with the economies of the East African Community Partner States expected to grow at an average rate of about 6 percent in 2014."
}