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{
    "id": 1488201,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1488201/?format=api",
    "text_counter": 298,
    "type": "speech",
    "speaker_name": "Teso South, UDA",
    "speaker_title": "Hon. Mary Emaase",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. The Division of Revenue Act 2024 was assented to by the President after it was approved by both Houses, the National Assembly and the Senate, following the recommendations of the Mediation Committee that the equitable share for county governments be set at Ksh400 billion. The Mediation Committee did set the amount at Ksh400 billion. The National Assembly had proposed the equitable share at Ksh391 billion, whereas the Senate at the time had proposed the equitable share to be Ksh415 billion. The decision of the Mediation Committee was guided by the anticipated higher revenue collection arising from the measures that are pronounced in the Finance Bill 2024. Hon. Members, we all remember that the revenue-raising measures contained in the Finance Bill 2024 were projected to raise an estimated Ksh346 billion in revenue. However, following the withdrawal of the Finance Bill 2024 and the attendant downward revision of revenue projections, it was deemed appropriate and fair that the two levels of government, national and county, bear the reduction in expenditure equitably. Consequently, the Division of Revenue (Amendment) Bill 2024 was introduced with an aim to amend the Division of Revenue Act 2024. That revision of the Division of Revenue Act 2024 provides for the sharing of revenue raised nationally between the national Government and the county governments for the financial year 2024/2025. It projected that a shareable revenue of Ksh2,948 billion, out of which the equitable share to the county governments was to be Ksh400 billion and that of 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."
}