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{
    "id": 1441403,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1441403/?format=api",
    "text_counter": 149,
    "type": "speech",
    "speaker_name": "Lugari, ODM",
    "speaker_title": "Hon. Nabii Nabwera",
    "speaker": null,
    "content": " Thank you, Hon. Speaker. Today, I have had a lot of time to reflect on whether we want to move this country forward or we want to be stagnant or repugnant. Like any progressive country or system, we should have started by looking at our 2023/2024 Finance Act and asked ourselves whether it has served us well. Secondly, we intended to collect a certain amount of money. Did it help us collect that money? Thirdly, what has been the business performance for the period 2023/2024? Finally, we should ask ourselves: Has the current Finance Act helped us to mobilize savings? What is our country’s saving ratio? As I look at that and evaluate the 2023/2024 Finance Act, I return a performance ratio of 44 per cent. With that kind of performance ratio, you cannot come up with a Bill to repeal that Act which increases the taxes to the public because you have failed to collect over Ksh300 billion. Whereas the Chairman of the Departmental Committee on Finance and National Planning presented to us a Report which looked progressive, unfortunately, it fell short of curing the problems in this Bill. What are the problems in this Bill? If you look at Schedules 3 and 4, you return a “no acceptance” to this Bill. The 10 per cent duty on clinker is only improving the status of one business person. Removing the duty on billet also improves 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."
}