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{
    "id": 1488231,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1488231/?format=api",
    "text_counter": 328,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. At the outset, I would like to reject the recommendations that have been made by the Senate on the amendments to the Division of Revenue Bill. As it has been rightfully put here, these are the realities that we are facing as a country. If there is non-performance of our revenues, then there definitely would be a repercussion on our expenditures. One of the basic lessons in accounting would be a balance sheet or an income statement. For you to expend, you must raise revenue. The Government has only three ways of raising revenue. These are: Taxation, Appropriations-in-Aid (A-in-A), which are the charges that the Government charges for the services it offers to its citizens, or through borrowing. There has been tremendous improvement on our A-in-A. For the last two financial years, we have seen almost 200 per cent increase across Government ministries due to implementation of a single treasury account for all revenue. For example, if you go to a park, you will pay on an e-Citizen platform. This has reduced pilferages that were happening in the payment and performances of the A-in-A. On borrowing, this honourable House passed a law that changed its ceiling from absolute figures to a percentage of Gross Domestic Product (GDP) in present value terms. As 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."
}