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{
    "id": 85785,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/85785/?format=api",
    "text_counter": 396,
    "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, let me conclude because as far as we are concerned, if the Committee gives us time, we can appear before them and come to the understanding on the basis of the calculations. We are very ready to do that. In view of the foregoing and as long as the CDF allocation is based on estimates of revenue of the Budget year, it will be difficult to avoid variations, however small. Mr. Temporary Deputy Speaker, Sir, the Treasury confirms that they have no arrears owing to the CDF which is yet to be disbursed. Secondly, the Treasury however, firmly commits to minimize the magnitude and size of such variations. It is also true that in the recent past when we have failed to achieve our revenue targets due to slow economic activities, the CDF allocation has turned out to be higher than the prescribed 2.5 per cent of the ordinary revenue. In order to avoid variations and assure certainty and predictability, the Treasury recommends that calculations of the amount of funds to be allocated under the CDF should be based on the most recently audited ordinary revenue. Thank you."
}