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{
    "id": 579110,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/579110/?format=api",
    "text_counter": 191,
    "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. Deputy Speaker, for giving this opportunity to contribute to the Finance Bill of 2015. It should be appreciated that after we have prepared our Estimates of income and expenditure, and we know how much we intend to spend, the need arises for us to explain how that expenditure will be financed. One of the sources of finance is our internally generated revenue, which comprises of ordinary revenue and other revenues that are generated locally through taxation. If you cannot get enough from that, you can go to borrow internally or externally. Hon. Deputy Speaker, looking at the Finance Bill of 2015 and comparing it to our ambitious revenue projections, one sees that this Bill is not that innovative. It is not progressive enough to tell us whether we are capable of raising the revenue we are projecting to raise. That is my first concern. I am happy that the Chair of the Departmental Committee on Finance, Planning and Trade has spoken to the issue of the Excise Duty Bill being brought to the House. I hope it will be brought soon, so that we can revitalise this particular tax regime to bring more revenue to finance our expenditure. If the Government is not going to raise enough revenue, then---"
}