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{
    "id": 51123,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/51123/?format=api",
    "text_counter": 421,
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    "content": "allocation of, at least, Kshs1 billion. That Fund should be utilized for livestock off-take and restocking initiatives. (b) That the Deputy Prime Minister and Minister for Finance comes up with an appropriate regulatory framework to rein in the commercial banks to reduce the lending rates in line with the best practice and narrow the gap between the lending and deposit rates. (c) The Deputy Prime Minister and Minister for Finance puts in place measures to ensure that the required levels of input cover is maintained at the stipulated four months level at all times, so as not to expose the country to any adverse external shocks. (d) The Deputy Prime Minister and Minister for Finance reduces the leakage in Appropriation-in-Aid by urgently reviewing all appropriations-in-Aid and identify those that can be turned into revenue to increase efficiency and accountability. In particular, in 2011/2012, the Treasury should consider turning Immigration and Judicial related A-in-A into revenue. (e) The Deputy Prime Minister and Minister for Finance limits the recurrent ceilings for the Parliamentary Service Commission (PSC) to not more than Kshs6.5 billion, translating to 1.27 per cent of the total national recurrent budget. The Committee argues that this is based on per unit cost of the PSC and which in future should be increased based on the cost of living and adjusted to take into account inflation rates. The development ceiling should be based on the total cost of all programmes absorption rates and prioritization based on available resources. In this regard, the ceiling amount for the PSC for development purposes should be Kshs2 billion, which is 0.62 per cent of the national development budget. (f) That the Deputy Prime Minister and Minister for Finance limits the ceiling for the Judicial Service Commission with regard to the recurrent amount to not more than Kshs6.807 billion, which is 1.33 per cent of the national recurrent budget, and not exceeding 2.544 billion for development, translating to 0.79 per cent of the national development budget. (g) That the Deputy Prime Minister and Minister for Finance considers adding resources to the Interim Independent Electoral Commission (IIEC) to fast-track the necessary arrangements in readiness for the unusual general election next year. The Deputy Prime Minister and Minister for Finance should take into consideration, prioritize activities together with efficiency and cost cutting measures. (h) That the Deputy Prime Minister and Minister for Finance brings down the public debt to a sustainable level of not more than 42 per cent of the GDP in the medium term. This is with regard to domestic borrowing of the financial year 2011/2012 to be maintained at 3 per cent of GDP. (i) Difficult times call for unpopular measures. He should emphasize on efficiency and cut down on unwarranted expenditure. This House should direct the Minister to keep the total expenditure, including net lending, to not more than 30 per cent of the GDP. This will mean that any additional expenditure requirement should be allowed only if new resources are available. (j) That the Deputy Prime Minister and Minister for Finance should consider the above recommendations and include them in the Budget under preparation. The Budget should be submitted as per the Constitution. For the purposes of clarity, Chapter 221 of the Constitution is on Budget Estimates and annual Appropriations Bill. For purposes of"
}