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{
    "id": 203551,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/203551/?format=api",
    "text_counter": 209,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Temporary Deputy Speaker, Sir, before we had an unexpected rise of the House, I was coming to the conclusion. I had indicated what we are planning to do. I had come to the point where I was talking about the increase in the minimum capital in the banks basically to ensure that we have firm financial systems and banks that can cope with the increased workload and economic activities and enhancement in the financial strengths of our insurance companies, again, to underwrite the risks associated with that. Mr. Temporary Deputy Speaker, Sir, as I conclude moving this Bill, let me recognise the amount of time that we have put in together, with the Committee on Finance, Planning and Trade. We have had several discussions on all the issues. I believe we have made huge progress. I am aware that the Committee has tabled their report. I hope that before we get to the Committee Stage, we will have resolved the issues that are still contained in the report. So, Mr. Temporary Deputy Speaker, Sir, I really do not want to take any more time of the House. This issue was discussed extensively during the five days of Budget Speech and during the three days of debate on tax proposals. Matters which are contained within the Finance Bill were approved by the House. The Budget Speech was also approved by the House. The tax proposals were also approved in a Motion by this House. 3980 PARLIAMENTARY DEBATES September 18, 2007 Basically, we are asking that we continue in the same spirit and clear all the issues within the Finance Bill, so that we can build business confidence in terms of predictability and in terms of people relying on the fact that, what has been proposed can be passed by this House. We want to have a situation where we move together as the Executive and the House in promoting the pace of economic activity. We want to, basically, support the economic growth that we are seeing in this country. We have moved from 0.5 per cent in 2002 to 2.3 per cent, 4.9 per cent, 5.7 per cent, 6.1 per cent and now, 6.3 per cent. We hope that, if we continue working together, we will be able to close the year at about 6.9 per cent to 7 per cent. So, Mr. Temporary Deputy Speaker, Sir, with those few remarks, I wish to ask hon. Members to lend us their usual support, so that we can close this matter as intact as possible. I beg to move and ask the Minister for Roads and Public Works, Mr. Nyachae, to second the Bill."
}