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{
    "id": 1173472,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1173472/?format=api",
    "text_counter": 217,
    "type": "speech",
    "speaker_name": "Kitui Rural, CCU",
    "speaker_title": "Hon. David Mboni",
    "speaker": {
        "id": 13388,
        "legal_name": "David Mwalika Mboni",
        "slug": "david-mwalika-mboni-2"
    },
    "content": " The Excise Duty on beer and spirits is going down, which confirms a larvae curve. It is a curve which shows that there is a point at which if you increase tax, the tax levy starts going down. We, therefore, need to look at other sectors in order to increase our tax base and raise revenue. If we reduce revenue, people are going to have a high disposal income which in turn will lead to high consumption. When people consume, they pay Pay as You Earn (PAYE) thus increasing revenue. The country needs to move into borrowing more concessionary loans which are cheaper and retire commercial loans which are very expensive. Those ones strangle our economy. We also need to pursue fiscal consultation and reduce wastage in the public sector, so that we can have more money to finance our budget and projects. Lastly, we need to address the issue of corruption. A lot of money is being wasted and lost through corruption. With those few remarks, I support."
}