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{
    "id": 58868,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/58868/?format=api",
    "text_counter": 229,
    "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": "Regarding the request for additional funding, the Treasury received requests amounting to more than Kshs120 billion from line Ministries to fund various additional programmes. However, due to the constraints in realizing more revenue receipts and the need to maintain a stable macro-economic framework, there was need for us to rationalize these requests to Kshs44.8 billion to cater for critical interventions that could not be postponed. The above expenditures have been financed using the existing Civil Contingency Fund of Kshs2 billion, budget reserves of Kshs2 billion, drought contingency of Kshs2.1 billion and rationalizing - that is scaling down expenditures of slow moving projects not likely to commence within the remaining period of the financial year. The final gap of Kshs20 billion was closed by raising additional borrowing from Kshs105 billion to Kshs125 billion."
}