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{
    "id": 556158,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/556158/?format=api",
    "text_counter": 206,
    "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": "As a result, private sector activity is more dynamic and we are attracting more FDI flows. These efforts have contributed to higher growth experienced in recent years. We nevertheless recognise that challenges remain - challenges of high incidents of poverty and unemployment, frequent droughts and other weather-related shocks, low agricultural and industrial productivity, insecurity in some parts of the country and fiscal inefficiencies and corruption. Going forward, we must all arise and summon our collective will and commit to tackle these challenges so as to unlock the full potential of our economy and achieve prosperity for all Kenyans. Through this Budget, therefore, we are continuing to focus on implementing the six thematic areas critical to not only addressing the challenges I have just mentioned, but also driving our economy up the value chain to become a regional manufacturing hub on its way to achieving upper middle income status. Accordingly, the Financial Year 2015/16 Budget will: First, prioritise addressing the security challenge which is critical to creating a friendly business environment for our private sector. This will be complimented by continued macro-economic stability and continued efforts to reduce the cost of doing business so as to unleash the efficiency gains necessary for achieving prosperity for all; Second, we are committing more resources towards infrastructure development and adopting innovative ways to hasten delivery of better roads and other infrastructure necessary for reducing the cost of business and promoting competitiveness and the productivity of our economy; Third, we are putting in place measures to drive agricultural and industrial transformation so as to build resilience in our economy, ensure food security and lower food prices, increase quality and diversification of exports, accelerate inclusive growth, create jobs and reduce poverty; Fourth, we are also opening up opportunities to tap the latent talents and entrepreneurial capabilities of our youth, women and persons with disabilities so as to enable them actively participate in our economic transformation agenda; Fifth, we will continue to scale up resources and underpin reforms to enhance the quality of our education and healthcare systems with a view to building a healthy and productive human resource base that we need for driving economic growth while at the same time ensuring adequate social safety nets for our vulnerable communities; and, Sixth, with devolution now taking root, the National Government commits through this Budget to work very closely with the county governments and to facilitate them to build the capacity to better deliver services and development at the grassroots level. Hon. Speaker, with this background, the rest of my Speech will elaborate various measures we are introducing under each of the six strategic areas. Thereafter, I will share The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}