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{
    "id": 1256813,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1256813/?format=api",
    "text_counter": 1112,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Therefore, consideration of the Finance Bill 2023 squarely falls within the confines of Article 114 of the Constitution and other provisions relating to processing of legislation in the House. The provisions of Article 114 of the Constitution are also anchored in Section 39(a) of the Public Finance Management Act, 2012, which state in part, and I quote: 39(a) Submission, consideration and passing of Finance Bill: (4) Any recommendations made by the relevant committee of the National Assembly or resolution passed by the National Assembly on revenue matters shall: (a) Consider the impact of the proposed changes on the composition of the tax revenue with reference to direct and indirect taxes (b) Consider domestic, regional and international tax trends; (c) Consider. the impact on development, investment, employment and economic growth; (d) Take into account the recommendations of the Cabinet Secretary as provided under Article 114 of the Constitution; and, (e) Take into account the taxation and other tariff arrangements and obligations that Kenya has ratified, including taxation and tariff arrangements under the East African Community Treaty."
}