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{
    "id": 1054663,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1054663/?format=api",
    "text_counter": 261,
    "type": "speech",
    "speaker_name": "Kieni, JP",
    "speaker_title": "Hon. Kanini Kega",
    "speaker": {
        "id": 1813,
        "legal_name": "James Mathenge Kanini Kega",
        "slug": "james-mathenge-kanini-kega"
    },
    "content": " Thank you, Hon. Speaker. I beg to move that the Division of Revenue Bill (National Assembly Bill No.7 of 2021) be read a Second Time. Hon. Speaker, the Bill seeks to provide for sharing of revenue raised nationally between the national Government and the county governments for the Financial Year 2021/2022, in accordance with Articles 202, 203, 205 and 219 of the Constitution. The enactment of the Division of Revenue Bill, 2021 is critical in paving the way for introduction of the County Allocation of Revenue Bill, 2021, which provides for the sharing of revenue raised nationally among county governments and thus forming the basis of preparation of the annual Budget Estimates for the 47 county governments. At this juncture, I wish to highlight the provisions under the Division of Revenue Bill, 2021, in line with the House’s Resolutions on the Budget Policy Statement and the Debt Management Strategy for the Year 2021/2022 and the medium-term. This is in accordance with the provisions of Standing Order No.232 (8)(a). I just want to give a general overview of the Division of Revenue Bill, 2021. The remedy you shared is calculated on the basis of the most recent audited accounts of revenue received as approved by the National Assembly and is distributed equitably between the two levels of Government. It is then shared among the county governments based on the third basis formula for sharing revenue approved by Parliament under Article 217 of the Constitution. The projected revenue collection for Financial Year 2021/2022 is Kshs1.77562 trillion. The amount is shared amongst the national Government, the county governments and the Equalization Fund as follows: (i) the National Government – Kshs1.39 trillion; (ii) the county government"
}