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{
    "id": 145675,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/145675/?format=api",
    "text_counter": 295,
    "type": "speech",
    "speaker_name": "Mr. Munya",
    "speaker_title": "The Assistant Minister for East African Community",
    "speaker": {
        "id": 279,
        "legal_name": "Joseph Konzolo Munyao",
        "slug": "joseph-munyao"
    },
    "content": " Thank you, Mr. Temporary Deputy Chairman, Sir. I would also like to thank the Minister for the taxation measures that he has decided to take that are intended to spur economic growth. As I said yesterday, most people expected him to increase the taxes. However, he decided to lower them to reduce the burden that the taxpayers have to carry, especially in these very difficult times. Our VAT still remains lower than that charged in the rest of the East African region. So we remain more competitive in comparison with other East African countries given the fact that VAT touches each and every citizen; the poor and the rich. It is laudable that he did not get tempted to increase VAT to meet the shortfall. He decided to support his Budget from borrowing locally."
}