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"content": "Hon. Speaker, with total expenditures of Kshs.1,581 billion (exclusive of domestic redemptions) and total expected revenues of Kshs.1,238,6 billion, (including and grants), the overall budget deficit (including grants) in 2014/15 Financial Year is projected to be about Kshs342.4 billion. However, after taking into account net external financing of Kshs.149.6 billion, which is 3.2 percent of GDP and loan repayment receipts of Kshs.2 billion, this will leave a deficit of Kshs.190.8 billion (equivalent to 4.1 percent of GDP), which would be financed by net borrowing from the domestic market. This means that the fiscal framework for 2014/15 is fully financed."
}