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{
    "id": 1563320,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1563320/?format=api",
    "text_counter": 55,
    "type": "speech",
    "speaker_name": "Sen (Dr.) Khalwale",
    "speaker_title": "",
    "speaker": {
        "id": 170,
        "legal_name": "Bonny Khalwale",
        "slug": "bonny-khalwale"
    },
    "content": "Thank you, Mr. Speaker, Sir. The Committee on Finance and Budget has a statement under Standing Order No.56(1)(b), being our Quarterly Report. It refers to the following: That, under this Standing Order, I wish to make this statement relating to the activities of our Standing Committee on Finance and Budget for the First Quarter of the Fourth Session, covering the period between January and April 2025. During that period under review, the committee held 29 sittings during which it processed and concluded 40 statements, 10 Bills and tabled five reports. Attached to this statement is a schedule of legislative business considered by the committee and their respective status. During the period under review, the committee processed and tabled reports on the following: (a) The 2025 BPS with a recommendation that the County Equitable Share for the 2025/2026 Financial Year stands at Kshs465 billion. (b) The 2025 Medium-Term Debt Management Strategy. (c) The County Additional Allocations Bill (Senate Bills No.1 of 2025). (d) The Fourth Basis for allocating the share of national revenue amongst counties for the financial years 2025/2026 to 2029/2030. (e) Additionally, the committee held joint sittings with the National Assembly, Departmental Committee on Finance and National Planning to undertake the approval hearings of Fellow of the Chartered Professional Accountants (FCPA), Sophie Muturi; CPA. Abdullahi Ali Abdi; Ms. Beatrice Kosgei and Mr. David Simpson Osawa Owour, the nominees for appointment to the position of members of the Board of the Central Bank of Kenya (CBK). In accordance with Article 118(2) of the Constitution and the Senate Standing Orders, the committee held consultative meetings with the National Treasury and Economic Planning, the Commission of Revenue Allocation (CRA), County Assemblies Forum (CAF), the Institute of Certified Public Accountants of Kenya (ICPAK), the Budget Hub, the Institute of Public Finance (IPF), the Institute of Economic Affairs (IEA), Office of the Controller of the Budget (CoB), the Kenya National Bureau of Statistics (KNBS) and the CoG. The committee sought public views on legislative business including: the Fourth Basis for revenue sharing among county governments, Bills and the appointment of nominees to the CBK as Board Directors, through an advertisement in two national newspapers and other social media platforms. The committee followed the agreed on mechanism for processing statements, providing Senators with responses as soon as they are received from the relevant agency or county. The Senator is then required to indicate any issues that need clarification within 14 days, failure to which, the statement is considered concluded. Annexed is a list of statements processed by the committee. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
}