27 Feb 2019 in National Assembly:
fiscal policy consideration within this BPS. But, any additional revenues raised should go towards reducing our budget deficit and, therefore, help us in managing our debt levels.
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27 Feb 2019 in National Assembly:
In the county financial management and vertical division of revenue for 2019/2020, the Committee held consultations with the Council of Governors (CoG) and the Commission for Revenue Allocation (CRA). We raised a number of concerns which I now wish to highlight, top among them being development spending allocation where many counties are not able to allocate the statutory minimum of 30 per cent of their budget to development expenditure. Personnel emoluments in many of our counties are very high and the issue of pending bills. I think many of our Small and Medium Enterprises (SMEs) have suffered because of pending ...
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27 Feb 2019 in National Assembly:
In the county financial management and vertical division of revenue for 2019/2020, the Committee held consultations with the Council of Governors (CoG) and the Commission for Revenue Allocation (CRA). We raised a number of concerns which I now wish to highlight, top among them being development spending allocation where many counties are not able to allocate the statutory minimum of 30 per cent of their budget to development expenditure. Personnel emoluments in many of our counties are very high and the issue of pending bills. I think many of our Small and Medium Enterprises (SMEs) have suffered because of pending ...
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27 Feb 2019 in National Assembly:
On the vertical division of revenue for 2019/2020, in the 2019 BPS, the total sharable revenue is projected at about Kshs1877.18 billion out of which Kshs1561.42 billion will be allocated equitably to the national Government and Kshs310 billion as an equitable share to the county governments. In addition, the total conditional grants allocation to counties is Kshs61.6 billion of which Kshs38.71 billion is from development partners. This should be from the World Bank Urban Support Programme. This brings the total proposed allocation to counties for the Financial Year 2019/2020 to Kshs371.6 billion relative to the 2018/2019 total of Kshs376.4 billion. ...
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27 Feb 2019 in National Assembly:
On the vertical division of revenue for 2019/2020, in the 2019 BPS, the total sharable revenue is projected at about Kshs1877.18 billion out of which Kshs1561.42 billion will be allocated equitably to the national Government and Kshs310 billion as an equitable share to the county governments. In addition, the total conditional grants allocation to counties is Kshs61.6 billion of which Kshs38.71 billion is from development partners. This should be from the World Bank Urban Support Programme. This brings the total proposed allocation to counties for the Financial Year 2019/2020 to Kshs371.6 billion relative to the 2018/2019 total of Kshs376.4 billion. ...
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27 Feb 2019 in National Assembly:
The National Treasury seems to be very confident that we are still within a lot of international ratios like the NPV to GDP ratio, an international threshold. However, it is our humble view, as a Committee, that if we are to sustain our debt levels, we must generate adequate revenues to be able to pay our debt from the revenues that we raise locally so that we do not get into a debt cycle where we will be borrowing from Peter to pay Paul. In the course of the year, we will be reviewing, and we have asked the Chair ...
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27 Feb 2019 in National Assembly:
The National Treasury seems to be very confident that we are still within a lot of international ratios like the NPV to GDP ratio, an international threshold. However, it is our humble view, as a Committee, that if we are to sustain our debt levels, we must generate adequate revenues to be able to pay our debt from the revenues that we raise locally so that we do not get into a debt cycle where we will be borrowing from Peter to pay Paul. In the course of the year, we will be reviewing, and we have asked the Chair ...
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27 Feb 2019 in National Assembly:
Item No.7 talks of the numerous policy recommendations from the departmental committees. We speak to various issues that were raised by the various departmental committees. I do not want to tire Members by going through all the proposals by the departmental committees and the recommendations they made as they submitted to the Budget and Appropriations Committee. They were very many. We were able to pick a number which we have also proposed to the National Treasury to implement. One of the issues that was raised by a number of departmental committees, and I have in mind the Chair of the ...
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27 Feb 2019 in National Assembly:
Item No.7 talks of the numerous policy recommendations from the departmental committees. We speak to various issues that were raised by the various departmental committees. I do not want to tire Members by going through all the proposals by the departmental committees and the recommendations they made as they submitted to the Budget and Appropriations Committee. They were very many. We were able to pick a number which we have also proposed to the National Treasury to implement. One of the issues that was raised by a number of departmental committees, and I have in mind the Chair of the ...
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27 Feb 2019 in National Assembly:
As I finish, let me re-emphasise the issue of over-estimation of revenues. We have expressed concerns that the realism of our revenue projections in this BPS may not be very good. We raised this issue with the National Treasury and have had an opportunity to scrutinise the strategic plan of the KRA that was recently launched. We have expressed our concerns both to the National Treasury and on this Floor to officers at KRA. As we said to the National Treasury, we cannot continue running away from the problem that we are facing at KRA. It will be foolish of ...
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