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{
    "id": 729811,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/729811/?format=api",
    "text_counter": 80,
    "type": "speech",
    "speaker_name": "Hon. Musyimi",
    "speaker_title": "",
    "speaker": {
        "id": 95,
        "legal_name": "Mutava Musyimi",
        "slug": "mutava-musyimi"
    },
    "content": "Hon. Speaker, I beg to move the following Motion: THAT, this House adopts the Report of the Budget and Appropriations Committee on the consideration of Estimates of Revenue and Expenditure for Financial Year 2017/18 and the Medium Term, laid on the Table of the House on Thursday, March 23, 2017 and pursuant to the provisions of section 39 of the Public Finance Management Act, 2012 and Standing Order 235(6) and (7)- (i) approves an amount totaling Ksh.1,633,384,660,371 made up of Ksh.642,897,327,706 to be utilized to finance Development Programmes and Ksh.990,487,332,665 to be utilized to finance Recurrent Operations in respect of the Annual Budget for the National Government, the Judiciary and Parliament during the financial year; (ii) allocates the funds for the Financial Year 2017/18 to the respective Votes in accordance with First Schedule; and, (iii) approves the proposed decreases, increases and re-allocations as contained in the Second Schedule. On behalf of the Members of the Budget and Appropriations Committee and as required by Article 221 of the Constitution as well as Section 39(2) of the Public Finance Management Act, it is indeed my pleasure to present to this honourable House my Committee’s Report on the 2017/2018 Financial Year and the Medium Term Estimates of Revenue and Expenditure for the Judiciary, National Government and Parliament which were submitted to the National Assembly on the 31st January, 2017, 15th February,2017 and 2nd March 2017 respectively. As you are aware, the early submission of the Budget Estimates was to allow for timely deliberations and approval of the Budget, taking into account the preparations for the August 2017 General Election. This being an election year, its implementation, as we can well imagine, will face many risks. Some of these include an uncertain business environment which will undermine investor confidence as well as increased elections-related spending which will mainly drive consumption and fuel inflation thereby destabilizing the macro framework. Furthermore, there is a possibility that a new Government may want to realign the Budget to reflect its clearer manifesto which may lead to the introduction of a Supplementary Budget or two. This risk may affect the implementation of the Budget with considerable impact on the expected outcome, particularly on the economic growth and development. It is for this reason that the Committee has not allowed some proposals in some sectors to increase the Budget as this may cause further strain on the national resource. We have therefore chosen to be fairly conservative so as to factor 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."
}