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{
    "id": 936861,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/936861/?format=api",
    "text_counter": 189,
    "type": "speech",
    "speaker_name": "Bomet Central, JP",
    "speaker_title": "Hon. Ronald Tonui",
    "speaker": {
        "id": 1242,
        "legal_name": "Ronald Kiprotich Tonui",
        "slug": "ronald-kiprotich-tonui"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for that short interlude. I was commenting on the issue of competition that this formula which the National Treasury intends to introduce will encourage competition or it will make our industries more competitive in competing with industries from elsewhere. Therefore, it is an improved formula. We also made this informed decision of approving these regulations after considering various submissions from the private sector. We received many submissions from them and we thought it was positive. We held meetings with the KRA which was good in terms of technical information. We also held consultative meetings with the National Treasury so that we could get more insight on the same. We agreed with what they stated. I only want to note that the outstanding claims which KRA is yet to pay to various businesses are about Kshs24.3 billion in the Financial Year 2018/2019. This is a lot of money. I believe it contributes to the feeling currently in the public domain. There are complaints that there is no money circulating in this country and that the money is not available. I believe some of this inability to pay the outstanding claims by KRA is contributing to this problem. This being a small Motion, I do not want to overemphasise on it. I second the Motion. Thank you, Hon. Temporary Deputy Speaker."
}