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{
    "id": 1441100,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1441100/?format=api",
    "text_counter": 176,
    "type": "speech",
    "speaker_name": "Kajiado Central, ODM",
    "speaker_title": "Hon. Memusi Kanchory",
    "speaker": null,
    "content": " Thank you, Hon. Speaker, for this opportunity. I rise to support the Finance Bill 2024 for several reasons. First, the Finance Act, 2023, reduced the import declaration fee from 3.5 per cent to 2.5 per cent. This not only gave us Ksh10 billion but also encouraged importation, and we all know the net effect of this. The proposed Finance Bill 2024 proposes to take back the Importation Declaration Fee to 3.5 per cent and, therefore, discourage importation, hence growing our industries. I commend the Gen Zs who have been out there, but I also advise them to seek information. One reason these young people are out on the streets is unemployment. The increased Import Declaration Fee seeks to grow our manufacturing sector and enable us to employ young people. The second is the Eco Levy in Clause 45 of the Bill. Given the negative effects of climate change, this Levy seeks to protect our environment from environmental waste, which is one 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."
}