Aden Bare Duale

All parliamentary appearances

Entries 12711 to 12720 of 17810.

• 4 Dec 2014 in National Assembly: Act, the following information was to be available to the National Assembly for consideration and approval. What are these? view
• 4 Dec 2014 in National Assembly: On 11th January, 2013, this House raised the ceiling for external debts from US$10 billion equivalent of Kshs800,000 billion and set it at US$14 billion equivalent of Kshs.1,200 billion. view
• 4 Dec 2014 in National Assembly: As of 30th September, 2014, the Government of Kenya’s total disbursed outstanding national external debt stock stood at Kshs1,045 billion against the set statutory ceiling of then, which was at Kshs1,200 billion as approved by this House on 11th January, 2013. If you look at those figures, that leaves only Kshs.155 billion. Hon. Speaker, that is the background of what we are doing today and it is very important information. What are the justifications? What justification does the National Treasury and the Executive give to the country and to Parliament for raising the debt ceiling? One, the current ceiling was ... view
• 4 Dec 2014 in National Assembly: No, Kshs. 90 is according to the streets. I am quoting the Central Bank of Kenya (CBK) foreign exchange rate. It keeps on changing and I am sure before the end of the day, before this House rises, the exchange rate will change. It is not static. I am sure it was Kshs.89 when we did this document and I am sure it is at Kshs.90 but for record purposes, when this Parliament was setting the ceiling, the exchange rate was at Kshs.86 to US$1 and now it is between Kshs.89 to Kshs90. Two, in the second Medium Term Plan ... view
• 4 Dec 2014 in National Assembly: this, the National Treasury felt that we must seek this approval to increase the debt ceiling. Hon. Speaker, the Government, through the National Treasury, is cognizant of Vision 2030 and it has committed itself to transforming Kenya into a middle income economy by 2030. To realize that vision or that goal, it means that, among others, the country must accelerate our economic growth rate to around 10 per cent annually and also sustain that for a long period. To achieve and sustain such growth rates requires massive investment in infrastructure, ports, roads and railways. For all that to happen, those ... view
• 4 Dec 2014 in National Assembly: Hon. Speaker, it is Parliament’s role, under Article 95 of the Constitution, to do oversight, even on debt ceiling. In giving approval; if Parliament agrees, issues regarding utilization, accountability and transparency of the proceeds from external loans and grants must receive serious attention by the Government. I am sure hon. Members of the Public Accounts and Investments Committees, Departmental Committee on Finance, Planning and Trade and other Parliamentary Committees must make sure that utilization, accountability and transparency of the proceeds from that external borrowing; in terms of loans and grants, must receive serious oversight attention. view
• 4 Dec 2014 in National Assembly: Hon. Speaker, the PFM Act, 2012, that this House passed provides elaborate provisions in making sure that those elements of transparency and accountability and utilization in terms of management of our resources are undertaken. The House should know that the National Treasury is finalizing the PFM regulations, which propose, among others, to set the external debt ceiling – that is if the House agrees when the regulations are tabled for debate. At present, the value of 50 per cent to the Gross Domestic Product (GDP) is also a convergence criteria used by all the East African Community member States. view
• 4 Dec 2014 in National Assembly: The National Treasury has also carried out an analysis of the impact of the external loan disbursement on the public debt portfolio vis-a-vis an analysis that was done in terms of the external debt and what our public debt portfolio is by the end of December, 2014. A number of scenarios were formulated; which I do not want to go into because they were given to the Parliamentary Committee on Finance, Planning and Trade. Therefore, I am sure the Chair and his Committee must have been taken through that. On scenario one and two, the rest of the documents have ... view
• 4 Dec 2014 in National Assembly: seconded. view
• 4 Dec 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker. I want to join my colleagues, including the Chair, in saying that this Bill will, indeed, transform the way we manage our environment. For the first time, we are hearing of things like assessment of the net worth of our natural resources in the country. This is something which has not been there before. I am sure that it is not yet in many countries in Africa. I want to commend them. There is the United Nations (UN) standard guideline or formula for assessment. The fact that we are moving in that direction is ... view