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"content": "Government has developed the regulations for implementation of the incentive. The ongoing youth training and internship programmes will enhance the employability of Kenyan youth and increase income opportunities. This programme targets a total of 70,000 youths aged between 16 to 29 years who are unemployed with up to Form 4 level education, and will avail training and work experience to them in a real workplace. Hon. Speaker, in order to constructively engage the youth, the Government will focus on creating opportunities for the youth and help them realise their potential through sports, culture and arts. In this respect, there will be sporting activities at counties to identify and nurture talent in sports. The Government will provide opportunities for participation in culture and the artistic talents; and will support the preservation and promotion of our national heritage. Hon. Speaker, the Government has over the last four years trained and nurtured more than 73,700 talented youths in various sports disciplines, sensitised 694 persons and tested 231 athletes on anti-doping. The Government has further enhanced film monitoring and enforcement by issuing 1,043 film regulatory licenses and conducted 5,753 random inspections to ensure inappropriate content is not distributed to the public. Hon. Speaker, through the proposed National Sports, Culture and Arts Fund, the Government will further continue to develop sports, arts and preserve our national heritage. The Government will upgrade 5 regional stadia in Kamariny, Chuka, Karatu-Ndarugu, Marsabit and Wote. In addition, the Government will continue to improve compliance with sports regulations, increase awareness on the fight against doping, and disseminate heritage knowledge. Further, the Government will complete the ultra-modern National Library at Upper Hill in Nairobi, and fully operationalise the Kenya Film School. To further support these initiatives, I have allocated Kshs200 million for construction of Sports Academy and Ksh550 million for completion of the ultra-modern National Library. Hon. Speaker, let me now turn to the financial projections for the 2017/18 Budget. Implementation of the 2016/17 Budget has progressed well but with challenges. We have had to deal with various challenges such as the ongoing drought, the various strikes, security and preparations of the 2017 general elections and additional expenditures for projects financed by development partners. In the course of the year, we had to make adjustments in the context of Supplementary I to accommodate these emerging pressures. The result of the additional expenditures was a higher fiscal deficit of 9.0 percent of GDP, financed partly by external financing from development partners. Hon. Speaker, our fiscal policy for 2017/18 financial year aims to support rapid and inclusive economic growth, while ensuring a sustainable debt position. In this Budget we have taken a deliberate path of fiscal consolidation which reduces the fiscal deficit inclusive of grants from around 9.0 percent of GDP in this current financial year to about 4.0 percent of GDP in the 2019/20 Financial Year. Hon. Speaker, we will maintain strong revenue efforts by bolstering our tax administration procedures to minimise revenue leakages and leverage on information technology. In the Financial Year 2017/18 Budget, therefore, revenue collection including Appropriation-in-Aid (AIA) is projected at Kshs1.7 trillion equivalent to 19.6 percent of GDP. Of this, ordinary revenue is projected at Kshs1.5 trillion or 17.8 percent of GDP. On the other hand, total expenditure and net lending in this Budget is projected at Kshs2.287 trillion equivalent to 26.3 percent of GDP. Of this, Recurrent Expenditure will 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."
}