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{
    "id": 908710,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/908710/?format=api",
    "text_counter": 204,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr.) Wilberforce Oundo",
    "speaker": {
        "id": 13331,
        "legal_name": "Wilberforce Ojiambo Oundo",
        "slug": "wilberforce-ojiambo-oundo-2"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker for this opportunity to contribute or make comments on the Report of the Budget and Appropriations Committee on the proposed Budget Estimates for the 2019/2020 Financial Year. I must take this opportunity to sincerely congratulate them and thank them for a fairly balanced allocation with the limited resources available in this country. However, we must start from the beginning. Some of the assumptions being made in the report might not hold. We have a country that heavily relies on agriculture and agricultural production contributing to about 34.2 per cent of the GDP. In a year where we expect the agricultural production to be dismal or extremely poor, the assumptions that the revenue projections will be made or GDP will grow at about 6 per cent seem to be far-fetched and not founded on any economic fundamentals. Quite a number of international organisations such as the International Monetary Fund (IMF), World Bank and the African Development Bank seem to suggest that the economic performance this year will be highly depressed so that whatever we think we will achieve might not be achievable. Do not be surprised if in the next few days or months, a supplementary budget is presented here to drastically reduce the provisions that were made in this Budget. 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."
}