Hon Anthony Kimani Ichung'Wah

All parliamentary appearances

Entries 2251 to 2260 of 3232.

• 7 Jun 2018 in National Assembly: I am under a lot of pressure to conclude. In conclusion, I appreciate every Member, including the leaders in this House, especially the Leader of the Majority Party and the Leader of the Minority Party. I also appreciate the whips of both the majority and the minority sides and the Members of the BAC for their invaluable support during the budget process. For the first time, this process has been very participative. Hon. Temporary Deputy Speaker, let me finally take the opportunity to thank you, all the members of staff of Parliament, especially those of the Parliamentary Budget Office and ... view
• 7 Jun 2018 in National Assembly: Therefore, with those few remarks, I beg to reply. view
• 6 Jun 2018 in National Assembly: Thank you, Hon. Deputy Speaker. I asked to do this because of space. On behalf of members of the BAC and as required by Article 221 of the Constitution as well as Section 39(2) of the Public Finance Management Act and Standing Order 235(5), it is my pleasure to present to this House the Committee’s Report on the Estimates of the revenue and expenditure for the Financial Year 2018/2019 and the medium-term for the national Government, Parliament and the Judiciary. The 2018/2019 Budget is the first to be prepared in the second term of the Jubilee administration. view
• 6 Jun 2018 in National Assembly: Thank you, Hon. Deputy Speaker. I was saying this is the first Budget to be prepared in the second term of the Jubilee administration. In addition to 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. view
• 6 Jun 2018 in National Assembly: implementing the Third Medium-Term Plan, the Budget is geared towards achievement of the Government’s Big Four Agenda targeted at supporting manufacturing, improving food security, enhancing universal health coverage as well as improvement of living conditions through affordable housing. This is in addition to the ongoing strategic interventions under the pillars for the Economic Transformative Agenda, which the Government has been implementing over the last four financial years. The Committee is pleased to note that, in terms of preparation and submission of the Budget Estimates for the Financial Year 2018/2019, the national Treasury has broadly adhered to the legal provisions as ... view
• 6 Jun 2018 in National Assembly: To further strengthen financial consolidation adopted by the Government, the Committee is considering deeper scrutiny of all public finances, including all finances held by various parastatals. In this regard, the Committee has started using past fiscal prudency to review expenditure allocation to various agencies. To do this, the Committee has endeavoured to reduce, in a targeted way, allocations to agencies with numerous audit queries relating to misuse of public money. Similarly, the Committee has proposed removal or reduction of allocations which are in the Budget Estimates without proper justification and performance targets. With that, Members will note in our Report ... view
• 6 Jun 2018 in National Assembly: In terms of realising macro framework underpinning the budget and the financing of the budget, the Committee is pleased to note that the 2018/2019 Budget has been prepared at a time when the economic environment is favourable. Business activity has picked up due to the improved political stability. Definitely after the handshake and the hugs, inflation is within five per cent target and has recently declined to 4.18 per cent in March 2018 and 3.78 per cent by April, 2018. The exchange rate is also quite stable due to increased Diaspora remittances and the food outlook seems promising even though ... view
• 6 Jun 2018 in National Assembly: According to the macro framework underpinning the 2018/2019 Budget, the economy is projected to expand by 5.8 per cent in 2017 from 4.9 per cent in 2016 and to expand further to a promising seven percent over the medium term. The key drivers for this growth are improved agricultural performance, manufacturing activities as well as the ongoing public infrastructural investments. Stability in the macroeconomic environment is expected to strengthen this growth. Inflation is expected to remain within a target range of five per cent over the medium-term. Interest rates are expected to remain low and the exchange rate stability will ... view
• 6 Jun 2018 in National Assembly: Moving on to the key highlights of the 2018/2019 Budget, the overall proposed Budget for the Financial Year 2018/2019 amounts to Kshs3.074 trillion which comprises the following allocations: National Government - Kshs1.676 trillion, the Judiciary - Kshs17.76 billion, both Houses of Parliament - Kshs42.54 billion, the Consolidated Fund Services - Kshs962.562 billion and the County Revenue Allocation - Kshs372.742 billion. The general direction of the fiscal policy as indicated by the national Government is a reduction in expenditure as Government pursues fiscal consolidation in line with the East African Community (EAC) Monetary Convergence Criteria to bring down the fiscal deficit ... view
• 6 Jun 2018 in National Assembly: The approach of fiscal consolidation is to address the issues of deficit financing so as to reduce the rate of accumulation of public debt while ensuring that priority programmes are ring- fenced. As such, the Budget should be based on realistic revenues and expenditure growth should be contained. A review of the Budget as per the functions of the Government indicates that the highest share of Government expenditure, about 29 per cent constitutes public debt transactions. Indeed, total Consolidated Fund Services expenditures are estimated to be about Kshs962.5 billion which relates to payments which includes interest and redemption payment amounting ... view