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{
    "id": 667864,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/667864/?format=api",
    "text_counter": 75,
    "type": "speech",
    "speaker_name": "Hon. Wakhungu",
    "speaker_title": "",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "Thank you, Hon. Deputy Speaker. I rise to support the Motion on the adoption of the Report on the Second Supplementary Estimates for Financial Year 2016/2017. However, I have some issues. We know very well that Article 223 of the Constitution is very clear on supplementary budgets. It provides for unforeseen circumstances, emergencies or situations whereby funds which were allocated were inadequate. However, in this Supplementary Budget, none of these things qualify the way they are provided. My friend, Hon. Makali, has just said that there is provision for depreciation of the shilling. That should not be the case because in good management practices, the National Treasury must always put a provision for the depreciation of the currency. You can easily know that by looking at the trend analysis. You must establish a trend in the previous financial years. What was the percentage of the depreciation so that you can get an average, and give a provision? That one does not qualify at all. This shows poor planning. We know very well that failing to plan is planning to fail. Good financial practices in many jurisdictions provide for only one supplementary budget."
}