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{
    "id": 841877,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/841877/?format=api",
    "text_counter": 259,
    "type": "speech",
    "speaker_name": "Kikuyu, JP",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "This Supplementary Budget has basically been occasioned by changes that are in the Finance Bill. There is a reduction in our projected revenues for this financial year. Therefore, we have considered all the proposals that were brought by the National Treasury. We had four meetings yesterday, including a meeting with the Judicial Service Commission (JSC), Parliamentary Service Commission (PSC) and the National Treasury. We had very lengthy negotiations up to late in the wee hours of the night to strike a balance between our revenues and expenditure and ensure that in the spirit of give and take, we reduce our expenditure in a manner that will ensure that we not only balance our Budget but we also achieve the 5.7 per cent fiscal deficit. This will guarantee us an opportunity to continue engaging our development partners to access the standby credit."
}