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{
    "id": 1347101,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1347101/?format=api",
    "text_counter": 619,
    "type": "speech",
    "speaker_name": "Masinga, Independent",
    "speaker_title": "Hon. Joshua Mwalyo",
    "speaker": null,
    "content": " Thank you very much, Hon. Temporary Speaker. I just want to take a minute to congratulate the Chairperson of the Departmental Committee on Finance and National Planning for bringing this Sessional Paper No.2 of 2023. The Government had started very well especially on guiding and guarding foreign exchange by introducing the Export Processing Zone (EPZ) and the Special Economic Zones Authority (SEZA). This ensured that manufacturers who were able to secure space can manufacture goods and export them to generate revenue. The raw material was supposed to be imported without Value Added Tax or even extra duty. When they sell, the money comes in foreign exchange in this country. I would like to request the Government to keep on stressing on the exercise they had started so that we can have revenue collection in terms of foreign exchange. It is very difficult to import anything or do a tender because three months after it has been awarded, the dollar exchange rate is different. So, the only persons that are benefiting are the exporters of vegetables, flowers and so forth because they are selling in foreign exchange. They should be encouraged because when they are paid in dollars or euros, the money helps the country to have reserves in terms of foreign exchange in our banks. Therefore, the The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor"
}