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{
    "id": 841921,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/841921/?format=api",
    "text_counter": 303,
    "type": "speech",
    "speaker_name": "Suba South, ODM",
    "speaker_title": "Hon. John Mbadi",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": " Thank you, Hon. Speaker. I want to remind my colleagues that we have been attacked left, right and centre by political analysts and economic experts that we do not engage our minds seriously on budgetary issues. I would request that we take advantage of this time to debate this Supplementary Budget soberly so that we can take responsibility after passing Supplementary Budget Estimates. Having said that, I stand here to support the Report of the Budget and Appropriations Committee on the Supplementary Budget Estimates I of 2018/2019. I want to start with admission that we need to recognise that as a country, we are facing tough financial economic times. We have reached a point where we have to think of how to maintain our financial integrity. If we are projecting to collect Kshs1.9 trillion, and that is just a projection, it may be realised or not, experience has proved that previously, we have never realised the projected revenue. Therefore, chances are that we may not collect Kshs1.9 trillion. But assuming we do, the debt repayment alone will consume about Kshs870 billion. I know there will be amortisation of external debts and domestic debt rollover, but still in balancing terms, you can safely say that, The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}