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{
    "id": 761405,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/761405/?format=api",
    "text_counter": 1206,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "more funding for the implementation of the agreed Collective Bargaining Agreement (CBA) to quell labour unrest in the education sector. All these necessitated the First Supplementary Budget. The Supplementary Estimates were submitted to the National Assembly on 27th September 2017. As the 11th Parliament noted during the approval of the Budget in March this year, implementation of the Budget in an election year is bound to face significant challenges. Currently, there is heightened uncertainty in the country on account of the protracted political activities going on as the IEBC prepares for a repeat presidential election. This has adversely affected the business environment, leading to serious shortfalls in revenue collection. This has adversely affected the business environment and increased other prevailing challenges such as food insecurity, inflation, labour and the health sector. As a result, the economy outlook for this year is not favourable. Growth projections have been revised downwards to about 5 per cent or below by various institutions such as the National Treasury, the Bretton Woods institutions and the Parliamentary Budget Office. This revision of the growth and targets implies revenue shortfalls, meaning the expenditure allocations or borrowing would be adjusted downwards during the financial year to mitigate the impact of all this. The Supplementary Budget proposes a number of changes in various Votes, both Recurrent and Development expenditure. Overall, the First Supplementary Budget proposes to increase the total Budget Estimate by Kshs38 billion. This comprises of a net increase in Recurrent Expenditure of Kshs63 billion and a net decrease of Kshs24 billion in Development Expenditure. Hon. Temporary Deputy Speaker, this House is aware that the process of the Supplementary Budget preparation, approval and implementation is provided for in Article 223 of the Constitution, Sections 43(2) and 44 of the Public Finance Management (PFM) Act 2012, Section 40 of the PFM Regulations as well as the National Assembly Standing Orders. Therefore, in essence, a good Supplementary Budget should comply with these set down laws and procedures in order to avoid distorting the development agenda as envisaged in the approved Budget for the financial year."
}