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{
    "id": 1441713,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1441713/?format=api",
    "text_counter": 459,
    "type": "speech",
    "speaker_name": "Tharaka, UDA",
    "speaker_title": "Hon. George Murugara",
    "speaker": null,
    "content": "The proposed amendments to the Finance Bill are important because we must have a Finance Act for the Financial Year 2024/2025. I do not agree with the proposal that we should reject it entirely because it has both negative and positive effects on the people of Kenya. I propose and urge Members to agree that at the Committee of the whole House, these proposed amendments by the Committee and whatever else is going to come from Hon. Members of Parliament is extremely important and should be looked into with a toothcomb so that we either pass them reasonably or reject them reasonably. Now, what are the Committee's proposed amendments that are very important? The VAT on bread is out, the VAT on sugar-cane transportation is out, the VAT on electronic money transfers or transactions is out, and many others, including the 2.5 per cent motor vehicle tax. Similarly, the eco levy on some of the imported finished products will remain. However, it is very important for locally manufactured goods to spur up industry and growth, so we will have a tax exemption. We also have many other positives, including the tax on pensions, which has now increased from Ksh20,000 to Ksh30,000. We also have Ksh18 billion, which is supposed to assist the Government in employing Junior Secondary School (JSS) teachers on permanent and pensionable terms. This is very important. Our NG-CDF and NGAAF have all been increased, which is very important. Therefore, on behalf of the people of Tharaka Constituency, I will urge them to support the Bill. We will make all the necessary amendments to protect their interests. At the same time, we will be on standby and guard against corruption so that none of this money is pilfered or lost through corruption. Like all the other constituencies in Kenya, we will also be demanding our fair share of development from monies that are raised in these taxes. With those remarks, I beg to support."
}