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"id": 482144,
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"type": "speech",
"speaker_name": "Hon. Musimba",
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"speaker": {
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"legal_name": "Patrick Mweu Musimba",
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"content": "constant. So, if you are attempting to make savings, the next savings of this nation will be torn down by certain core centres. I think the underlying thing is to convert our core- centres to revenue centres which will then enable this nation mobilize a lot of savings and this will translate to investments. Right now, Kenya stands as a pure net importer. When you look at our currency fluctuations and stability which has been a bit stable in the last couple of months, you realize that we are not able to cushion that against imports and profitability vis-à-vis what employments are going to be there. Businesses thereby lack the necessary human capital to keep growing. I want to talk about wastage and wellbeing. If our major focus in this Finance Bill would be to curb and reduce the wastage in this nation – wastage at individual, business and national levels - I will give an example of education. You will find schools in one locality having completely different cost basis. This is even when they are within the same locality and they procure the same goods and services. There is disparity in how much fees or surcharges accruing to the students. A major source of expenditure is always education. In this regard, we will be calling upon the Ministry in charge of Finance to extend things like IFMIS to schools in the country. This will greatly improve our economy. For the interest of time, I would like to support this. I will be bringing amendments to the Committee on Finance, Planning and Trade. Those amendments will ultimately make Kenya competitive and provide greater opportunities for our nation. Thank you, hon. Temporary Deputy Speaker."
}