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{
    "id": 1478602,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1478602/?format=api",
    "text_counter": 252,
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    "content": "Thank you, Mr. Temporary Speaker, Sir. I thank Sen. Lemaletian for asking the questions on behalf of the Senator for Kisumu County. I will respond to the questions raised. This is the final question. My answer to Question No.096 (a) is as follows- The annual budgeting processes that are taken in consideration of public participation and constitutional requirement process leading to the preparation of the budget estimate for the Financial Year 2024/2025 began with a public workshop to open sector hearings. During sector hearings for the spending in the financial year 2024/2025, all stakeholders were invited to make submissions on priority areas that should receive Exchequer funding. This informed the budget ceilings as contained in the Budget Policy Statement, 2024 and the Fiscal Framework. The Budget Policy Statement for the Financial Year 2024/2025 informed the revenue requirements that the Government needed to fund the budget. This in turn informed the revenue targets for the financial year 2024/2025 and the amount that needed to be raised through additional tax policy measures that were contained in the Finance Bill, 2024. Concerning the tax measures that were contained in the Finance Bill, 2024, the National Treasury started by issuing a public notice requesting for tax proposals that will be contained in the Finance Bill, 2024 way back in November 2023. Stakeholders responded to the public notice and submitted proposals. The National Treasury constituted a committee consisting of the National Treasury, the Kenya Revenue Authority (KRA) and the Attorney- General's office to review the proposals and make recommendations to the Cabinet Secretary. During the review of the proposals, the committee invited stakeholders that submitted the proposals for meetings, where the proposals were discussed and clarifications made to the committee. The meetings were held at the National Treasury building and was attended by the following stakeholders; COCO, British American Tobacco (BAT), The Nairobi International Financial Centre (NIFCA), Ernst & Martin Associates and Ernst & Young professional audit firms, Kenya PricewaterhouseCoopers and Safaricom, Kenya Private Sector Alliance (KEPSA), Kenya Association of Manufacturers, (KAM), Kenya Flower Council (KFC), KPMG, International Institute for Legislative Affairs (IILA), Ong’anya Omboo Advocates, Deloitte, Johnson and Sons Limited, Eastpak Limited, Ministry of Energy and Petroleum, American Chambers of Commerce (ACC), Kenya Wine Agencies, Legal and Tax Associates, Kenya Breweries Limited and United Distillers and Vinters (UDV) Kenya, Capital Markets Authority (CMA), Retirement Benefits Authority The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
}