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{
    "id": 450093,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/450093/?format=api",
    "text_counter": 193,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Hon. Speaker, the total expenditure net of domestic debt rollover is estimated to reach Kshs1,581.0 billion. This includes National Government ministerial expenditures of Kshs654.1 billion and Kshs476.4 billion for recurrent and development respectively; county allocation of Kshs226.7 billion and allocation for the Parliament and the Judiciary of Kshs19.2 billion and Kshs 18.5 billion respectively. The expenditures also include interest payments of Kshs147.4 billion and pensions and other Consolidated Fund Services (CFS) of Kshs 36.6 billion and a net lending of Kshs 2.1 billion Hon. Speaker, you will notice that the recurrent expenditures are declining from the estimated figure of 20.4 percent of GDP in 2013/2014 Financial Year to 18.7 percent of GDP in 2014/2015 Financial Year, on account of a slowdown in expenditures following the implementation of austerity measures. To minimize the growth of recurrent expenditures and uphold the fiscal responsibility principles, transfers to parastatals and semi-autonomous government agencies will be contained at the 2013/2014 nominal value in order to provide fiscal space for priority expenditures."
}