{"id":449997,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/449997/?format=json","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."}