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{
    "id": 728657,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/728657/?format=api",
    "text_counter": 130,
    "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": " Hon. Speaker, it is my singular honour to present the Budget for the Financial Year 2017/2018; the fifth Budget under the Jubilee Government. The Budget is the first in our history to be presented before the month of June. We have brought forward the reading of the Statement in order to allow the Honourable Members to approve the Appropriation Bill in time and focus on the elections scheduled for 8th August 2017. Hon. Speaker, we have consulted our Partner States in the East African Community (EAC) on the timing of the budget presentation and have agreed that Kenya can proceed with an early presentation of the Budget while the other Partner States will present theirs at the same time in mid-June 2017. Mid this month, we were reminded, by His Excellency President Uhuru Kenyatta during his 2017 State of the Nation Address in this Chamber, of an extraordinary Kenyan journey of four years of transformation, growth and deepening democracy. Kenyans are proud of these achievements as they have happened through collective participation, partnership and the usual dynamism of our private sector. Hon. Speaker, Four years ago, the Jubilee Administration inherited an economy which although had achieved several milestones, still had insufficient and expensive power with limited access, a century old railway, limited road network and port capacity, poorly equipped security forces, high maternal and child mortality, a poorly managed education sector, inadequate social protection for the poor and vulnerable, and disharmonised pay for public servants, among others. But today, and to use His Excellency the President’s words again, “We celebrate a transformed Kenya.” Hon. Speaker, this transformation is the culmination of four years of working tirelessly to put in place policies and reforms to foster a rapid socio-economic transformation of our country. In this endeavour, I feel very encouraged by the strong support we have received from Kenyans of all walks of life. Today, I am happy to report to all Kenyans that we have made significant progress towards achieving our development goals. Specifically, at the macro level, the value of goods and services we produce has risen from Kshs4,745 billion in 2013 to an estimate of Kshs6,951 billion in 2016. As a result, our per capita income rose from Kshs113, 210 in 2013 to an estimate of Kshs152,691 making us a lower medium income economy. This reflects the improvement of our business climate as indicated in the move from position 136 in 2013 to position 92 in the World Bank’s Doing Business Indicators. Revenue collection has increased from Kshs1,001.0 billion in 2013/2014 to the projected 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."
}