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"type": "speech",
"speaker_name": "Hon. A.B. Duale",
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"legal_name": "Aden Bare Duale",
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"content": "We are all aware that the Public Finance and Management (PFM) Act, 2012 requires the National Treasury to provide the following documents to Parliament before 15th February each year:- The Budget Policy Statement (BPS), which they did and in fulfillment of this requirement, the National Treasury submitted it. They also presented to Parliament and, more so, to the Clerk of the National Assembly, the legislative proposal on Division of Revenue Bill, 2016. They also provided the Medium Term Debt Management Strategy Paper and the legislative proposal on County Allocation of Revenue 2016, which was sent to the Senate. This is because the County Allocation of Revenue Bill 2016 ought to begin from the Senate. So, they have confined to the law. By 15th February, all those documents were in Parliament. These documents provide the basis for formulating the Budget for the Financial Year 2016/2017, the medium term and the law on sharing of revenue between the national Government and county governments. Therefore, the principal object of this Bill is to provide for equitable division of the revenue raised nationally between the national Government and the county governments for the Financial Year 2016/2017. This is pursuant to Article 201 of the Constitution, which partly says “the public finance system shall promote an equitable society, and in particular revenue raised nationally shall be shared equitably among the national Government and the county governments.” The catch words in this Article are “promote an equitable society.” It is for Hon. Members to agree with me on whether that equitable society is there since the advent of devolution."
}