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{
    "id": 58866,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/58866/?format=api",
    "text_counter": 227,
    "type": "speech",
    "speaker_name": "Mr. Kenyatta",
    "speaker_title": "The Deputy Prime Minister and Minister for Finance",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": " Mr. Speaker, Sir, I beg to move:- (i) THAT, a sum not exceeding Kshs27,466,736,720 be granted from the Consolidated Fund to meet expenditure during the year ending 30th June, 2011, in respect of Supplementary Estimates of 2010/2011 Financial Year (Recurrent) having regard to the proposed reduction of Kshs6,956,804,940 therein appearing. (ii) THAT, a sum not exceeding Kshs8,590,461,320 be granted from the Consolidated Fund to meet expenditure during the year ending 30th June, 2011, in respect of Supplementary Estimates of 2010/2011 Financial Year (Development) having regard to the proposed reduction of Kshs22,604,981,358 therein appearing. His Excellency, The President has given his consent to this Motion. The Budget of the Financial Year 2010/2011 that I presented to this House in June 2010 was formulated within a fiscal framework aimed at achieving and sustaining macro- economic stability in line with Vision 2030 and our strategy of unemployment and poverty reduction. The assumptions underpinning the fiscal framework included an average economic growth rate of 4.9 per cent for the Financial Year 2010/2011, a single digit inflation rate of 5 per cent, sustained enhanced performance of exports and domestic demand and sustained political stability. This was anchored on an expected global economic recovery supported by extraordinary policy especially with regard to economic stimulus. Mr. Speaker, Sir, the Budget for the Financial Year 2010/2011 that I presented to this House amounted to approximately Kshs998.8 billion and comprised of the following:- Kshs675.6 billion for Recurrent Expenditure, Kshs321.2 billion for Development Expenditure and Kshs2 billion as provision for the Civil Contingency Fund. The Recurrent Expenditure included Kshs487.9 billion for ministerial discretionary expenditure and Kshs187.7 billion for payments under the Consolidated Fund Services. The Development Expenditure comprised of Kshs178.1 billion in respect of domestically financed expenditure and Kshs143.1 billion for foreign finance expenditures."
}