All parliamentary appearances
Entries 71 to 80 of 6175.
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7 Jun 2022 in National Assembly:
Hon Speaker, as Members are aware, we are living in very difficult times, we only have tomorrow and the day after tomorrow to conclude the business of the 12th Parliament. It will be good if we could clear as much pending business that we believe is critical for this House and can be done. As I move this Motion on extension of sitting, I want to recognise that last week, the House sat up to midnight. It was commendable to see Members dedicated and transacting Business for the nation until that late. I want to commend the Member for Kikuyu, ...
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7 Jun 2022 in National Assembly:
He was here for some time, and then he was here in spirit.
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7 Jun 2022 in National Assembly:
It is so heartwarming to see Members stay this long, especially as we come to the tail-end of this Parliament. When we get to the Public Investments Committee (PIC) Report under Order No.18, it will be good to ensure that we recognise the good work that has been done by the PIC. That Report should be discussed by this House before we go home. I do not want to belabour the point. This is a straightforward request to Members. If we finish everything, we will go home on Thursday. We will not have to think of extending the sittings to ...
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7 Jun 2022 in National Assembly:
Thank you, Hon. Speaker. I beg to move: THAT, pursuant to the provisions of Section 50(2) of the Public Finance Management Act, 2012, this House approves the Public Finance Management (National Government) (Amendment) Regulations, 2022 published as Legal Notice No.89 of 26th May 2022, thus approving the amendment made to the Public Finance Management (National Government) Regulations, 2015 (Principal Regulations) in Regulation 26(1), by deleting Paragraph (c) and substituting therefor the following paragraph- “(c) pursuant to the provisions of Section 50(2) of the Act, the public debt shall not exceed ten trillion shillings.”
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7 Jun 2022 in National Assembly:
Hon. Speaker, as Members will recall, when the Cabinet Secretary for the National Treasury and Planning appeared before this House to highlight the Estimates and financing proposals for the Financial Year 2022/2023, he alluded to the fact that he would be making a proposal to this House. In the first instance, this was to change the manner of computation of debts or debt limits to be capped at 55 per cent of the Gross Domestic Product (GDP). Thereafter, the draft was tabled in the House and given to the Committee on Delegated Legislation. Consultations commenced as per Section 5 of ...
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7 Jun 2022 in National Assembly:
present value of rates determined by different players. Without this standardisation, the Committee suggested we go with what is known.
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7 Jun 2022 in National Assembly:
Right now, we know the debt limit is Kshs9 trillion. So, we should look at what we need to do in the very interim to accommodate our financing requirements and issues at hand. We need to set out a limit that will accommodate the budget and issues in this transitional phase. Then, in a year or two years’ time, the incoming Government, whoever they will be, will look at their programmes and financing needs. So, they can come to this very House to propose their issues.
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7 Jun 2022 in National Assembly:
This is a very interim measure we are proposing today. As we were looking at the Budget Policy Statement (BPS), Members will remember it became very clear the proposed Estimates therein, were going to over-shoot the Kshs9 trillion set ceiling by some figure. Even a shilling is overshooting, but the figure was between Kshs200 billion and Kshs400 billion. I think it has since shifted. I am sure the Chairman of Budget and Appropriations Committee will give us the exact figures.
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7 Jun 2022 in National Assembly:
Realistically, we are in a situation where we cannot do a budget for this country. Unless, we adjust the financing limitations we put on ourselves. We have just passed the Finance Bill in this House. I believe the taxation measures proposed were to raise an extra Kshs57 billion, over and above what was collected last year. This House has also looked at some of those measures and said they hurt the common man. They are increasing the pain of the ordinary Kenyan. Some of them have been reduced with the effect of reducing the projection of Kshs57 billion to Kshs32 ...
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7 Jun 2022 in National Assembly:
We already know what we can get from taxation and collection from our tax revenues. The balance can only be financed realistically through borrowing. Hence, we know whatever happens, we must increase our budget. The alternative would be to look at the total budget and slash it across the board by Kshs600 billion. What will this do to the incoming administration that will be voted in by Kenyans in August 2022? This means that this House has passed a budget that is unrealistic and cannot finance the operations by Kshs600 billion. You can only vary the budget by 10 per ...
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