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{
    "id": 1503291,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1503291/?format=api",
    "text_counter": 531,
    "type": "speech",
    "speaker_name": "Hon. Joseph Makilap (",
    "speaker_title": "",
    "speaker": null,
    "content": "Baringo North, UDA): Thank you Hon. Temporary Speaker for giving me this opportunity. First and foremost, being a member of the Departmental Committee on Finance and National Planning, where Hon. Francis Kuria Kimani is my Chairman, I want to sincerely thank him because it must go on record that this Bill is an original amendment Bill sponsored by Hon. Kimani Kuria as a Member of Parliament for Molo Constituency. We convinced him to surrender it to become a Committee amendment Bill. I laud Hon. Kimani Kuria, and thank the people of Molo Constituency for giving him an opportunity to come to this Parliament. This kind of amendment Bill is transformative and in line with BETA. I am part of the team that worked on this Report. In the Committee of Supply, Members will help us to add value to it, for instance, what Hon. Timothy from Marakwet West and many of us said. That is value addition so that we make amendments that will stand the test of time. This Bill is an economic transformation. It will transform the economy of this country and have a trickle-down effect on the resources in circulation. I was in my constituency and one of my voters asked me, “Mheshimiwa, why is it that some institutions are making progress and parastatals that have for some time made losses are doing better yet there is no money in circulation for disposable income?\" This Bill will be the law that will take money to the grassroots. People are saying there is resurgence of economic growth, but they do not feel it on the ground. This is one of the many Bills that will trickle down resources to the grassroots. Raising the amount of contracts reserved for local contractors from Ksh500 million to Ksh1 billion will give opportunity to Kenyans with the ability to do business in this country. We should have a clause saying Kenyans can go for or partner with foreign companies to undertake projects worth more than Ksh1 billion. Hon. Kuria Kimani’s amendments are a game changer for money to trickle to the ground. I will give you a scenario. Foreign companies like Chinese ones have taken a lot of business in this country. Most foreign companies come with their employees, equipment, and building materials. The revenue we collect from mamamboga, PAYE, VAT, and excise duty pay foreign contractors. Hon. Kimani Kuria is our Chairman and we have spent sleepless nights trying to see how the country can raise about Ksh200 billion. When we eventually collect the money and pay foreign contractors, all that belongs to Kenya goes outside the country. The foreign companies and their countries then have enough resources. They then ask us if we want some loan. They give us very expensive loans and untenable conditions. If they give us a loan, the contractor must come from their country. Materials must come from their country and they must be tax-free. Whereas we tax"
}