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{
    "id": 752896,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/752896/?format=api",
    "text_counter": 189,
    "type": "speech",
    "speaker_name": "Mr. Rotich",
    "speaker_title": "The Cabinet Secretary for the National Treasury",
    "speaker": {
        "id": 1242,
        "legal_name": "Ronald Kiprotich Tonui",
        "slug": "ronald-kiprotich-tonui"
    },
    "content": "My appreciation also goes to the Chair of the Council of Governors, Hon Isaack Ruto, for the constructive engagement on the budget allocations for county governments. Appreciation also goes to the board, management and staff of Kenya Revenue Authority for their contribution to revenue mobilization – I look forward to better times in the year ahead. Appreciation also goes to the board, management and staff of Central Bank of Kenya for their management of monetary policy. I thank the Commission on Revenue Allocation and its chairperson for their contributions; the management and staff of the National Treasury, their selflessness dedication to duty and for working behind the scenes for a better Kenya. In particular, I must pay special tribute to the Permanent Secretary to the National Treasury, Mr. Joseph Kinyua, for his unrivaled dedication to public service, spanning over two decades. And finally, I must express sincere gratitude to Kenyans from all parts of the country who offered words of congratulations and support following my appointment to this challenging task of spearheading the economic management of this great nation. In summary the message in this budget is as follows: • Global economic recovery is taking shape but the road ahead is still bumpy. • We must grow our economy faster to draw more youth to employment and meaningfully reduce poverty. To do this, we need to support business to thrive and take up more opportunities. • The second Medium Term Plan of Vision 2030 (currently under preparation) and the priorities of the new administration will be implemented and budgets will be aligned to it. • We will continue to invest in infrastructure (particularly rail and ports) and in our great resource - the people of Kenya - while taking bold steps to create opportunities for young people. • We will modernize agriculture including opening up at least 1 million acres of new land through irrigation in order to end food insecurity. • We will invest in security and modernize our police force to eliminate crime. • We will seal leakages in our revenue collection system by leveraging on ICT while extending the tax base. • We will engage more youth in business through our revised public procurement regulations and a new framework of delivering financial support. • We will deepen regional integration for our businesses to seize trade opportunities in the region. • Following up on our VAT reform, we are committed to reviewing and assessing our tax policy framework and its role in supporting the objectives of inclusive growth, employment, development and fiscal sustainability. • Facilitate devolution as the new formula for equitable distribution of resources among the 47 counties takes effect. Hon Members, I submit these budget highlights and tax revenue measures in the hope that we will all work together to build a future in which all Kenyans can take pride and share in the benefits, as already said by His Excellency the President. I thank you."
}