18 Mar 2025 in Senate:
important point, it is not the main point in a budget conversation. In a budget that continues to grow and the Budget Policy Statement this year was at 4.3 percent, the fine print needs to be checked against what is it that continues to consume public expenditure. If it is salaries, is it sustainable in this day and age to continue with the year-on increase that almost all public servants continue to earn in a depressed economy such as ours? Is the kind of expenditure sustainable that we see from certain key sectors of the economy? Education is the largest ...
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18 Mar 2025 in Senate:
expenditure and the difference with what we are going to borrow to meet the gap there in between. If we continue to borrow in figures of beyond four or five percent, then basically what we are doing is that we may appear to be okay now, but it will eventually catch up with us. This is a challenge that I want to pass on to the Committee on Finance and Budget as I know presently before you, there is an amendment to ensure that we move the year. Remember when we moved from nominal terms to percentage of the GDP ...
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18 Mar 2025 in Senate:
continues to struggle with its debt situation - that I hope as the Committee on Finance and Budget considers that proposal from the National Treasury, the only way is to have it anchored in law alongside the percentage of debt at 55 per cent so that it is clearly defined, a percentage beyond which we cannot borrow. If it is three per cent, let it be stated, whatever the figure, so that as we do a budget, we move away from this aspirational budget. I still do not understand the rationale as to why we have to take it at ...
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18 Mar 2025 in Senate:
2025/2026, 3.8 per cent 2026/2027, 3.5 per cent 2027/2028, in line with a fiscal consolidation path. Sen. Tabitha Mutinda, this is what I was talking about. This percentage must work out to 55 per cent, but this may not work out to 55 per cent by 2030. What is a guarantee? I know this because I have been a member of the Finance and Budget Committee. The 3.5 per cent we are talking about if you check our reports for around 2020; these were the figures that we were talking about then. They are aspirational. There is no discipline to ...
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18 Mar 2025 in Senate:
management because we find ourselves in this situation because you, people, cannot override interest. Therefore, this is a prescribed solution." When you are designing a solution for any problem, you design it knowing or bearing in mind the kind of people that are going to implement it. The National Treasury has demonstrated that the National Assembly may carry the biggest blame when we eventually find ourselves in a situation where we are defaulting on our debt because they cannot be the ones to lead the country. It is only the Senate here, in partnership with the Parliamentary Budget Office, that ...
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6 Mar 2025 in Senate:
I think maybe it should be just a small typo, but we commented about it.
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6 Mar 2025 in Senate:
Thank you, Mr. Deputy Speaker, Sir. I rise pursuant to Standing Order No.57(1) to hereby present the business for the week that commences Tuesday, 11th March, 2025. Allow me to give the status of legislative business pending before the Senate then I will make this presentation. There are 55 Bills, of which 43 are at the Second Reading Stage and 12 are at the Committee of the Whole. We have 31 Motions pending conclusion and 25 Petitions are pending conclusion, out of which 17 are due for reporting by the respective Standing Committees. We have 523 Statements pursuant to Standing ...
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6 Mar 2025 in Senate:
It is worth noting to the House that since we resumed this Session, we have never voted for any business beyond a voice call. I know that my colleague Senators are busy with committee sittings and other business beyond the voting, but it is equally important to vote and pass legislation. I hope that next week, we shall raise the requisite numbers to conclude all the businesses that I have read. Some of these Bills date back to 2015, if I may recall. The first time I heard of the Local Content Bill was in 2015 and it is still ...
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6 Mar 2025 in Senate:
Mr. Deputy Speaker, Sir, it will be unfair to us, but we will try to do justice to an ongoing important national conversation.
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6 Mar 2025 in Senate:
Mr. Deputy Speaker, Sir, I will try to speak within three minutes. I agree with what Sen. (Dr.) Khalwale was informing the House. The Rural and Urban Private Hospital Association (RUPHA) has eventually come to terms with the reality of the day. When the Cabinet Secretary was here last week, what came out unequivocally from the conversation she had with the House is that the hospitals were complaining about historical debts that they have with the National Hospital Insurance Fund (NHIF) and not the Social Health Authority (SHA). The electronic version of the Senate Hansard Report is for information purposesonly. ...
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