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{
    "id": 1438669,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1438669/?format=api",
    "text_counter": 157,
    "type": "speech",
    "speaker_name": "Prof. Njuguna Ndung’u",
    "speaker_title": "The Cabinet Secretary for the National Treasury and Economic Planning",
    "speaker": null,
    "content": "To expand access to clean and adequate water for domestic and agricultural use, I have proposed an allocation of Ksh36.6 billion to water and sewerage infrastructure development, Ksh12.5 billion for water resources management and Ksh1.9 billion for water storage and flood control. In addition, I have proposed Ksh17.8 billion for irrigation and reclamation and Ksh1.9 billion for water harvesting and storage for irrigation. I will turn to improving governance and sustaining the fight against corruption. To enhance good governance and scale up the fight against corruption, I have proposed Ksh4.2 billion to the Ethics and Anti-Corruption Commission, Ksh4 billion for the Office of Director of Public Prosecution and Ksh6.9 billion to the State Law Office. There is Ksh8.7 billion to the Office of the Auditor-General. In addition, is an allocation of Ksh44.6 billion to Parliament to enhance oversight and legislative roles. I propose an allocation of Ksh24.7 billion to the Judiciary to enable the administration and justice. This includes Ksh900 million for construction and refurbishment of courts and Ksh800 million for the automation of the Judiciary. County Governments will receive a proposed allocation of Ksh400.1 billion as equitable share in the 2024/2025 Financial Year. This is the first time we have arrived at and surpassed this figure of Ksh400 in the last 12 years of devolution. This is equivalent to 25.48 per cent of the actual revenue raised nationally in the 2020/2021 Financial Year. It complies with Article 203 (2) of the Constitution of Kenya. In addition to the equitable share of revenue, a further Ksh44.4 billion has been proposed as additional allocations to county governments. This comprises Ksh8.76 billion for the national Government share of revenue and Ksh35.66 billion from proceeds of external loans and grants. We have proposed an allocation of Ksh8 billion to the Equalisation Fund. That is 0.5 per cent of the actual revenue raised nationally in the 2020/2021 financial year. There are measures to enhance county Governments’ own source revenue. The National Treasury is implementing a policy to support the enhancement of own source revenue by county governments as we await the enactment of the National Listing Bill. This Bill will enable county governments to collect more property rates, including contribution in lieu of rates. In addition, a multi-agency committee has been formed to manage the rollout of the proposed Integrated County Revenue Management System in 47 county Governments. This system will increase transparency, accountability and efficiency in revenue collection. Let me turn to taxation measures and tax policy measures supporting the 2024/2025 Financial Year’s Budget. In the course of the year, we embarked on tax policy review through a number of tax studies that will support the development of a progressive tax system. The objective of these reforms is to develop an elaborate tax policy that will raise adequate revenue to finance recurrent as well as development budgets. For this reason and to materialise it, we intend: 1. First, to develop diverse methods to enlarge the tax base. 2. Second, we want to make sure that we minimize tax expenditures that amount to Kshs396 billion. That is equivalent to 2.9 per cent of Gross Domestic Product 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."
}