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{
    "id": 450002,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/450002/?format=api",
    "text_counter": 102,
    "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": "agenda, the foundation upon which to build a strong economic transformation is taking shape. As part of public participation, we accorded Kenyans the opportunity to share their views on how to address the remaining challenges to unlock growth and economic development. Kenyans have responded to our call for Budget proposals and they have requested me to address, through this Budget, the issue of insecurity, the high cost of living, joblessness, protecting the poor and vulnerable and wastage in public expenditures across the entire Government. We have listened very carefully to these concerns and we intend to address them comprehensively. As such, through this Budget, we are demonstrating our resolve and commitment to addressing the concerns raised by Kenyans, while also laying a firm foundation for accelerated growth and a shared prosperity. A shared prosperity in which we all enjoy peace and every Kenyan has access to a gainful social and economic opportunity. The rest of my statement, therefore, responds to the concerns raised by Kenyans and elaborates on the key policies, structural reform measures and various expenditure programmes proposed to unlock our economic potential. The proposed measures are designed to facilitate the private sector take its rightful role as the engine of our economic transformation. Allow me to build on the President’s State of the Nation Address, by briefly summarizing the six critical thematic areas of the Financial Year 2014/2015 Budget that will address concerns raised by Kenyans as well as further fortify the platform for accelerated inclusive growth: First, to enhance business environment for job creation, we must address vigorously the issue of insecurity. Equally important is the need to maintain macro-economic stability and implement key structural reforms to reduce the cost of doing business. I will elaborate more about these measures, which are aimed at encouraging innovation, investment, growth and expansion of economic and employment opportunities. Second, to improve our productivity and competitiveness in the domestic and international markets, we are developing an elaborate and modern transport and logistics network. This will include construction of a standard gauge railway, an urban commuter railway, modernizing our seaports and airports, improving our road networks and expanding energy and water supplies. These measures are expected to boost economic growth and reduce unemployment. Third, to reduce the cost of living on a long-term basis, we are transforming . agriculture in order to ensure food security. Increased food supply will drive down food prices and lower the cost of living for every Kenyan. In addition, the expansion of agro- processing will foster export growth and support other sectors such as manufacturing and tourism."
}