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{
    "id": 628047,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/628047/?format=api",
    "text_counter": 318,
    "type": "other",
    "speaker_name": "",
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    "speaker": null,
    "content": "growth rate of 13 per cent. That is why I do not support it because this is a House of record and we might end up using figures that are not accurate. The Commission on Revenue Allocation (CRA) in its report that was tabled in this House provided the actual rate of growth. On Page 27 of the report that was tabled here, the growth of the total revenues average for the four financial years 2011/2012, 2012/2013, 2013/2014 and 2014/2015 is, in fact, 18 per cent. That includes Appropriation-in-Aid (A-in-A). So, if you remove the A-in-A, the figure that the CRA has which is from the audited Exchequer accounts of the Auditor-General’s report is actually 14.2 per cent. So, my concern is to put a figure that will not then be in tandem with the actual figures that have been determined by the auditors. I think that is not necessary. Secondly, it is good to have consistent basis for determining the revenue growth because it has always been an average of three years and that is what we have been using for the past three years. In this case, the Senator is proposing an average of four years. That will create inconsistency in terms of the trend. We deliberately left it open so that when we come to the Division of Revenue Bill, we will have an opportunity to discuss the rate of growth by looking at the actual official figures. I oppose."
}