Senator Aaron Kipkirui Cheruiyot

All parliamentary appearances

Entries 1371 to 1380 of 5232.

• 19 Mar 2024 in Senate: with the CoB. It was resolved at that meeting that occasionally--- Article 228 of the Constitution provides that at least every quarter, these reports should come to the House. After that meeting, the resolution was that, if possible, on a monthly basis, each Senator shall receive reports on budget performance of their specific counties, which include Exchequer releases and the request for funding, so that they can monitor and do their oversight duties effectively. That practice has since been vacated. Unless I am the one who does not check my pigeonhole and the rest of my colleagues are getting, I ... view
• 19 Mar 2024 in Senate: with the CoB. It was resolved at that meeting that occasionally--- Article 228 of the Constitution provides that at least every quarter, these reports should come to the House. After that meeting, the resolution was that, if possible, on a monthly basis, each Senator shall receive reports on budget performance of their specific counties, which include Exchequer releases and the request for funding, so that they can monitor and do their oversight duties effectively. That practice has since been vacated. Unless I am the one who does not check my pigeonhole and the rest of my colleagues are getting, I ... view
• 19 Mar 2024 in Senate: Thank you, Madam Temporary Speaker. I rise to second this Motion brought to us by our Members of the Finance and Budget Committee, a report on the MTDMS. It is very important policy document, which unfortunately we mostly do not give it the due consideration. The biggest crisis that the country continues to face - and we have been in this space, fiscally speaking, for close to five years now - is a debt distress issue. Many of our policy decisions right now are being informed one way or the other by the debt situation we find ourselves in as ... view
• 19 Mar 2024 in Senate: Thank you, Madam Temporary Speaker. I rise to second this Motion brought to us by our Members of the Finance and Budget Committee, a report on the MTDMS. It is very important policy document, which unfortunately we mostly do not give it the due consideration. The biggest crisis that the country continues to face - and we have been in this space, fiscally speaking, for close to five years now - is a debt distress issue. Many of our policy decisions right now are being informed one way or the other by the debt situation we find ourselves in as ... view
• 19 Mar 2024 in Senate: I have observed many times on the Floor of this House that this is a conversation which we will have for the next foreseeable future. In my estimation, it is going to be longer than the five years we projected when we passed the PFM amendments a few months ago where we determined that the debt-to-GDP ratio needs to be at a sustainable level of 55 per cent of our GDP. That becomes the measure through which our debt sustainability is anchored. We gave ourselves five years. Of course, this financial year to 2029 with a view to making it ... view
• 19 Mar 2024 in Senate: I have observed many times on the Floor of this House that this is a conversation which we will have for the next foreseeable future. In my estimation, it is going to be longer than the five years we projected when we passed the PFM amendments a few months ago where we determined that the debt-to-GDP ratio needs to be at a sustainable level of 55 per cent of our GDP. That becomes the measure through which our debt sustainability is anchored. We gave ourselves five years. Of course, this financial year to 2029 with a view to making it ... view
• 19 Mar 2024 in Senate: The reason why we find ourselves analyzing and looking into our debt situation is because we continue to spend way above what we can afford. Until we come up with concrete policies such as what is being proposed here--- The Committee has noted that in the Budget Policy Statement (BPS) that was presented and passed by this House, there is a proposal to reduce, the fiscal deficit to 3.9 per cent of the GDP by Financial Year 2024/2025. It is a tall order. I know that on this current financial year, we are in and perhaps our colleagues who are ... view
• 19 Mar 2024 in Senate: The reason why we find ourselves analyzing and looking into our debt situation is because we continue to spend way above what we can afford. Until we come up with concrete policies such as what is being proposed here--- The Committee has noted that in the Budget Policy Statement (BPS) that was presented and passed by this House, there is a proposal to reduce, the fiscal deficit to 3.9 per cent of the GDP by Financial Year 2024/2025. It is a tall order. I know that on this current financial year, we are in and perhaps our colleagues who are ... view
• 19 Mar 2024 in Senate: While the National Treasury has demonstrated the willingness and have shown to Parliament that indeed we, as a county, are on a prudent path of fiscal consolidation, the wise people say the proof of the pudding is in the eating. Until they file the returns of this particular financial year and we see what has been the deviation from the projected 4.8 per cent fiscal deficit for this current financial year and the actuals of what will have been achieved; then we will know that we are on the right trajectory. Probably by Financial Year 2028/2029, we will achieve this ... view
• 19 Mar 2024 in Senate: While the National Treasury has demonstrated the willingness and have shown to Parliament that indeed we, as a county, are on a prudent path of fiscal consolidation, the wise people say the proof of the pudding is in the eating. Until they file the returns of this particular financial year and we see what has been the deviation from the projected 4.8 per cent fiscal deficit for this current financial year and the actuals of what will have been achieved; then we will know that we are on the right trajectory. Probably by Financial Year 2028/2029, we will achieve this ... view