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{
    "id": 158217,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/158217/?format=api",
    "text_counter": 44,
    "type": "speech",
    "speaker_name": "Mr. Okemo",
    "speaker_title": "",
    "speaker": {
        "id": 198,
        "legal_name": "Chrysanthus Barnabas Okemo",
        "slug": "chrysanthus-okemo"
    },
    "content": "I have a number of questions to ask when I see figures in the Supplementary Estimates showing an increase in Government investments. What are these investments? What do they relate to? What role should Parliament play before the Government actually commits that money to those investments even if they are contained in the Printed Estimates? There must be a procedure to be followed. When you want to dispose of your assets, there is a law that governs that. There are two laws; either you will be dealing with the Procurement and Disposal Act or the Privatization Act. When the Government wants to invest some of those monies in some enterprises, then there must be a procedure whereby Parliament must be informed in time, so that they are on board to know where the taxpayers’ money is being invested. Mr. Speaker, Sir, if you look at some of the Items I see in the Printed Estimates; on page 150 of the Supplementary Estimates (Development Expenditure), I see Equity Participation in Domestic Public Enterprise where the figure has increased from Kshs6.3 billion to Kshs7.2 billion. This is an increase of about Kshs1 billion. What would the Government be investing in public enterprise at this point in time? I hope the Minister will make that clarification. Then I see Equity Participation in Domestic Public Financial Institutions, where the figure has been reduced but this does not matter. What was it originally anticipated to be and what has led to the reduction? Is it because we are short of money or was the original policy to do so faulty? There is also Equity Participation in other Foreign Enterprises. Which is this equity participation by the Government of Kenya in foreign enterprise amounting to Kshs200 million, which has now been removed in the Supplementary Estimates? What is this? What was the problem and the reason for the change of heart and rationale? Mr. Speaker, Sir, at this point in time, I wish to add that when the Minister for Finance presented his Budget last year, he stated that he was going to finance that Budget partly, among other ways, through a sovereign bond. He also said he was going to finance the Budget through privatization process. I know the Minister has made some comments"
}