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{
    "id": 193506,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/193506/?format=api",
    "text_counter": 88,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "As a result of high international oil prices and rising cost of transport, most wananchi in the rural areas have now resorted to using motorcycles as an alternative mode of transport. This mode of transport, in addition to making it possible for our boda boda operators to graduate to a faster and comfortable means, has the potential to create wealth and employment opportunities for our youth in the rural areas. Therefore, to encourage the wide use of these motorcycles, I propose to zero-rate VAT on motorcycles with engine capacity of up to 250 cc. Mr. Speaker, Sir, tourism is among the key sectors that were adversely affected during the post election unrest. Although most equipment in our hotel industry is imported duty-free, I propose to further exempt import duty on all the gymnasium equipment for use in the hotel industry. I expect this measure to accelerate recovery of the tourism industry by boosting hotel occupancy. Although we manufacture steel products locally, hot rolled steel sections which are used in heavy construction and particularly of bridges, dams and high rise buildings are not manufactured in our country. To further reduce the cost of construction and accelerate infrastructure development, I propose to reduce the import duty on hot rolled sections from 10 per cent to 0 per cent."
}