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{
    "id": 878738,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/878738/?format=api",
    "text_counter": 495,
    "type": "speech",
    "speaker_name": "Dagoretti South, JP",
    "speaker_title": "Hon. John Kiarie",
    "speaker": {
        "id": 13322,
        "legal_name": "John Kiarie Waweru",
        "slug": "john-kiarie-waweru"
    },
    "content": "Why I say that is because at this time, we know what the economic situation in this country is like. We know the global outlook. We also know that there are countries that are going to be receiving sanctions and yet those countries are very critical to the economy of this country. There are oil producing countries that are facing sanctions at this time. We will also have to think about what we do with our Budget in this country. It is going to be important that we unpack this Report that has been presented to us. In my mind, I think there is still time for the Treasury in this country to do better than what they have presented to us. As we speak, we are talking of growth projections that have been captured in the BPS. These projections are not backed by any major policy shifts that we can write home about. In fact, we are seeing the same exact things that we saw last year. They are telling us that they are surrendering the growth projections of this country to the whims of things that are beyond their control. They are talking about things like weather and that our growth projections as a country are going to be dependent on matters that are beyond their control. It is what lawyers call force majeure . They are matters of God. They are issues that they have no control of. However, when we dig deep to look at any policy shift that they are proposing or even an idea of how they will change how we implement projects in this country, this Report is devoid of such. We all know that the economy is driven by certain key sectors like infrastructure and industry. Looking at what they are proposing in this BPS, we do not see any tangible improvement in resource allocation to those very critical sectors. We tend to wonder whether the National Treasury is serious in presenting such a BPS to Parliament and whether Parliament will rise to the occasion and say that for once, as Parliament, we will do the right thing, not only for our country, but also for our people. For some of us who are in support of our President, we will do the right thing so that he is not shamed by a legacy that is littered with some of those things that will be the product of such a BPS. When you unpack this BPS, you realise that we get into the same cycle of debt problems. It is at this point that as a House, we will have to go back to our committees and interrogate the budgets coming from our departments, ministries and semi-autonomous Government agencies (SAGAs) and say to ourselves that it does not take an economist or a former Minister like"
}