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{
    "id": 864922,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/864922/?format=api",
    "text_counter": 88,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM–K",
    "speaker_title": "Hon. Makali Mulu",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "The Second Schedule of the National Assembly’s Standing Orders provides the functions of the Departmental Committee on Finance and National Planning. It makes revenue policies including taxation, public finance, monetary policies, banking, insurance and public debt. It also makes investment and divestiture policies, and pricing policies. It is also in charge of financial institutions, excluding those in the securities exchange. It is also in charge of population, national planning and development, among others. This is a Committee that is charged with the responsibility of, among others, scrutinising and reviewing the annual Finance Bill and guiding the National Assembly in discussions and then to approval. Ideally, the Finance Bill contains revenue raising measures to finance the already approved Budget and also some tax incentives meant to encourage some actions in the economy to spur growth. It also proposes amendments to some statutes in the financial sector to streamline their administrative operations."
}