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{
    "id": 111871,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/111871/?format=api",
    "text_counter": 399,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "“The Chapter on Public Finance is based on the three principles of public finance. (1)The Governance Principle - often captured in the phrase: No taxation without representation; which means that the management of public finance must be transparent and controlled by the people through democratic institutions. (2) The principle of resource allocation which means that both taxation and public spending should be fair and equitable. (3) The principle of accountability which means that there must no corruption and those entrusted with public money must account to citizens for the way it is spent.” These basic principles are implemented in Chapter 12 on Public Finance by instituting controls for the use of public and establishing a framework for the equitable sharing of public revenue through special provisions for marginalized communities and a mechanism for the division of national revenue between the national government and county governments. Indeed, it is that equitable distribution that I will refer to on page 28. It says the following:-"
}