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{
    "id": 825261,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/825261/?format=api",
    "text_counter": 465,
    "type": "speech",
    "speaker_name": "Kipkelion East, JP",
    "speaker_title": "Hon. Joseph Limo",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": " Hon. Temporary Deputy Speaker, I beg to move that the Finance Bill be now read a Second Time. Thank you, Hon. Temporary Deputy Speaker for giving me this chance to introduce the Finance Bill. This House is aware that the Finance Bill, 2018 was published on 19th June 2018 and its First Reading done subsequently on 3rd July 2018. Further to that, you may recall that the Cabinet Secretary, the National Treasury, during this year’s Budget Speech highlighted that this year’s Finance Bill is geared towards raising an additional Kshs27.5 billion to finance the 2018/2019 Budget. For avoidance of doubt and may be to bring the new Members of this House up to speed, the Budget in this country is divided into two, namely, the expenditure side as prosecuted by the Budget and Appropriations Committee and the revenue side which is prosecuted by the Departmental Committee on Finance and Planning through the Finance Bill. It implies that the Finance Bill proposes several changes or introduces new measures which the Government is proposing to this House for approval for the purpose of raising revenue to run the country. It is noted that the Finance Bill introduces various tax incentives which are principally meant to spur economic growth as well as funding the Government’s Big Four Agenda. To that effect, this particular Big Four Agenda focuses on food, security, construction of affordable The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}