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{
    "id": 85772,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/85772/?format=api",
    "text_counter": 383,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "The Assistant Minister, Office of the Deputy Prime Minister and Ministry of Finance",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": " Mr. Temporary Deputy Speaker, Sir that is a point of argument. However, as we have said, 2.5 per cent is the minimum. If the statutory allocations exceed the 2.5 per cent, in my view, that is described as overpayment. However, strictly speaking, the law talks about 2.5 per cent. The estimation of ordinary revenue is a process which takes into account several factors, including but not limited to historical revenue, performance and projected economic growth, intended administration measures, tax measures and other policy initiatives with implication on revenue allocation. It is important to note that some of these measures are instituted at the tail end of the entire Budget process when the estimates of expenditures have been finalized and taken for printing. For instance, introduction of specific administrative measures to raise additional Kshs4 billion, in revenue was introduced at the tail end after consultations with the Kenya Revenue Authority (KRA)."
}