27 Feb 2019 in National Assembly:
I want to re-emphasis this point, that year in, year out; we adopt a BPS that sets ceilings for different Ministries, Departments and Agencies (MDAs) in Government. However, eventually at the end of April, we get estimates that are outside these BPS ceilings. Therefore, in a way distort the fiscal policies that were set out in the BPS. I want to ask the National Treasury to endeavor this year, in view of these fiscal considerations, to put efforts to ensure that the estimates they table before this House by 30th April this year conform to the ceilings that have been ...
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27 Feb 2019 in National Assembly:
Indeed, I want to confirm to the House that the Committee endeavored to ensure that we do things in line with the ceilings that were provided for in the sectoral hearings. I participated in the sectoral hearings that the National Treasury carried out and I can confirm that we did in line with the ceilings. Public participation and sectoral hearings were conducted at the Kenyatta The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor.
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27 Feb 2019 in National Assembly:
Indeed, I want to confirm to the House that the Committee endeavored to ensure that we do things in line with the ceilings that were provided for in the sectoral hearings. I participated in the sectoral hearings that the National Treasury carried out and I can confirm that we did in line with the ceilings. Public participation and sectoral hearings were conducted at the Kenyatta The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor.
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27 Feb 2019 in National Assembly:
International Conference Centre (KICC) earlier at the beginning of this year. Indeed, all sectors were represented and were able to engage and pitch for the ceilings they had been given.
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27 Feb 2019 in National Assembly:
International Conference Centre (KICC) earlier at the beginning of this year. Indeed, all sectors were represented and were able to engage and pitch for the ceilings they had been given.
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27 Feb 2019 in National Assembly:
This House should note that lower than expected economic growth performance will invaluably lead to revenue underperformance. This has been one of the main reasons for expenditure re-adjustments in the course of the year through the two Supplementary Budgets we do every financial year. As a result, policies and projects approved at the BPS level, as well as through the budget estimates, end up either being poorly implemented or not implemented at all. This then raises concern on the credibility of the budget process.
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27 Feb 2019 in National Assembly:
This House should note that lower than expected economic growth performance will invaluably lead to revenue underperformance. This has been one of the main reasons for expenditure re-adjustments in the course of the year through the two Supplementary Budgets we do every financial year. As a result, policies and projects approved at the BPS level, as well as through the budget estimates, end up either being poorly implemented or not implemented at all. This then raises concern on the credibility of the budget process.
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27 Feb 2019 in National Assembly:
It is instructive to note that this year, as happened in the last financial year, we have missed on our revenue projections. When we underperform in our revenue raising measures we invariably interfere with the projects that were projected to be implemented in the course of a financial year. That is why you find a lot of stalled projects across the country in different sectors of our economy. We are calling upon the National Treasury, and particularly KRA to ensure that the revenue projections set out are indeed achieved.
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27 Feb 2019 in National Assembly:
It is instructive to note that this year, as happened in the last financial year, we have missed on our revenue projections. When we underperform in our revenue raising measures we invariably interfere with the projects that were projected to be implemented in the course of a financial year. That is why you find a lot of stalled projects across the country in different sectors of our economy. We are calling upon the National Treasury, and particularly KRA to ensure that the revenue projections set out are indeed achieved.
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27 Feb 2019 in National Assembly:
The Committee was concerned that every year we never meet our revenue targets. In as much as we do not meet them we will have budgeted and allocated expenditure to whatever revenue projections we have. Therefore, any time that we fall short of our revenue projections, we have to come back and have, at least, two Supplementary Budgets every financial year. Already, we had done one last year in October. We are bound to see a second one coming this Session.
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