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{
    "id": 482412,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482412/?format=api",
    "text_counter": 212,
    "type": "speech",
    "speaker_name": "Hon. Ng’ongo",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker. I would also like to make my contribution to this Finance Bill, 2014. First, I would like to say the law requires that the revenue measures proposed by the Cabinet Secretary in his address to the Nation, through the Assembly, are actualized through this Bill. The Constitution gives this House 90 days from the time of passing the Appropriation Bill to pass the Finance Bill. We passed the Appropriations Bill in late June and so, we literally have less than thirty days, I am sure we will pass this Bill into law. Ordinarily, after listening to the comments or proposals that have been made by the Cabinet Secretary, we should have very little to contribute to it. We had engaged a lot during the budget-making process to understand that we need to raise revenue to finance the Budget or the Expenditure as was provided by the Executive. But allow me to highlight a few areas of concerns to me. First of all, there are various Acts of Parliament that are proposed for amendment through the Finance Bill. But I just want to confine myself more on the Income Tax Act, Cap. 470. I just want to make a few highlights with regards to the proposed amendments to that Act. First, my concern is that 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."
}