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{
    "id": 349498,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/349498/?format=api",
    "text_counter": 245,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "another extra Kshs9 billion for the county governments. While we were debating the Finance Bill, I called for a law to tax capital gains but my proposal failed. Mr. Speaker, Sir, I see a situation where the Government will engage in a lot of borrowing. I can see the risk of inflationary tendencies creeping in. We are going for elections and there are tendencies for higher expenditures. I can see a big risk of inflation setting in. Be it as it may, I want to say that the Minister really needs to persuade this House to appreciate how he is going to deal with those threats, because I know that they are going to affect the fundamentals of the economy. While the reality is that the expenditures outlined by the Minister are necessary, it is important that we guard the macro-economic framework, so that this country does not slip to where it was sometime in 2010/2011. We have always noticed that during election years, there tend to be inflationary tendencies. Therefore, as I support the Bill, I request the Minister to assure the country that we are not going to slide into inflationary environment. With those remarks, I beg to support."
}