Hon Anthony Kimani Ichung'Wah

All parliamentary appearances

Entries 2401 to 2410 of 3227.

• 28 Feb 2018 in National Assembly: Thank you, Hon. Speaker. On that note, let me begin by congratulating those chairs and vice-chairs who have taken their time to be here, and encourage chairs of other departmental committees to also join. On behalf of the members of BAC, and as required under Section 25(7) of the Public Finance Management Act, 2012 as well as our Standing Order 232(7), it is my great pleasure that I present to this House the committee’s report on the BPS 2018 and the medium-term debt management strategy for the Financial Year 2018/2019 and the medium term. This is the first BPS prepared ... view
• 28 Feb 2018 in National Assembly: financial year be included, ideally includes the details of capital expenditure which should include a list of projects. Furthermore, the Committee noted that the ceiling for development expenditure and personnel spending of the national Government Budget approved by Parliament are not binding to the 2017 BPS as the case should be. This is contrary to PFM Regulation 27(5). The spirit of this binding was so as to ensure the medium-term expenditure framework becomes a reality and not a ritual and also to improve capital budget implementation. The importance of the Medium-Term Expenditure Framework (MTEF) is that it determines the fiscal ... view
• 28 Feb 2018 in National Assembly: Hon. Temporary Deputy Speaker, the Committee notes with concern that these same issues of non-compliance were raised in the previous Budget and Appropriations Committee Report of 2017 but even though this House recommended that the missing information be provided in subsequent BPSs, which in that case would have been the BPS for 2018/2019 Financial Year, this legal provision still has not been complied with. Such an outcome raises the questions as to whether recommendations of this House are indeed taken seriously. It is a challenge and that is why we are encouraging chairs of committees to be here because that ... view
• 28 Feb 2018 in National Assembly: inflation outlook of the country is not very promising, as there are risks associated with rising fuel prices as we even witnessed in the recent past which may lead to higher transportation cost as well as rising cost of electricity associated with increasing use of expensive thermal power as a substitute for declining hydropower generation as a result of the declining rainfall levels. These risks, if they occur, will adversely affect the economic growth and macro-economic framework. Hon. Temporary Deputy Speaker, as we all know, Kenya again is facing significant pressure from the Budget deficit and debt accumulation. Existing expenditure ... view
• 28 Feb 2018 in National Assembly: of projects and the consequent result of not just delayed projects but a higher cost in the implementation of projects. Hon. Temporary Deputy Speaker, I beg to skip the issues to do with BPS in terms of Agenda Four, but just note that the Committee is concerned. I did not want to go through the Agenda Four issues because we all know what the big four agenda is. However, it became a matter of concern to the Committee that the implementation framework of the Big Four agenda is not very well articulated in the BPS. There appears to be a ... view
• 28 Feb 2018 in National Assembly: prioritise and re-allocate adequate resources to make sure that we achieve the big four agenda, be it in manufacturing, healthcare, job creation or any other matters under the big four agenda. In addition, the Committee observed that there is no evidence of a comprehensive review of the status of programmes that were already being implemented in line with zero-based budgeting so as to identify those that should be discontinued to provide physical space for the big four agenda. This means the zero-based budgeting concept was not understood or it was not utilised in drawing up the Budget Policy Statement, particularly ... view
• 28 Feb 2018 in National Assembly: adjustments should be based on clear analysis, taking into account the policy direction of the Budget. Because of time, you will allow me to move to the Medium Debt Management Strategy for Financial Year 2018/2019, which proposes a borrowing framework of about 57 per cent and 43 per cent domestic borrowing to finance the national Budget deficit. External debt will be financed through concessionary finance of 23 per cent, semi-concessional finance of about 12 per cent. The committee has revealed a medium debt strategy and makes a number of recommendations and observations that are ... view
• 28 Feb 2018 in National Assembly: Thank you, Hon. Temporary Deputy Speaker. Amongst the many observations contained in this Report, one of the key issues of concern is the level of our debt as a country. The Committee notes that the current net present value of debt to GDP limit is estimated to be in the range of 48.6 to 49 per cent, and the Public Finance Management regulation places the net present value of debt to GDP at a limit of 50 per cent. This means any additional huge borrowing could lead to a breach of the limit that has been set by the PFM ... view
• 28 Feb 2018 in National Assembly: I want to move to the deliberations of the Departmental Committees on Budget and Appropriations. A number of recommendations, as articulated in the Report, were made. I would wish to put across one or two things, especially on Ministries, Departments and Agencies (MDAs) incurring expenditures without any budgetary provision. Everybody in this country knows that is illegal and leads to accumulation of pending Bills. MDAs have a number of pending Bills as a result of that. Other issues include delays in Exchequer release by the National Treasury. We have made recommendations on that. We have also covered the area of ... view
• 28 Feb 2018 in National Assembly: Parliament who participated in the process of reviewing the BPS and MTDMS for working very hard to ensure that the Report is finalised in time. As you will remember, I stood when these Reports were tabled by the Leader of the Majority Party exactly 14 days ago. I reminded chairs of committees that they had only seven days and they were able to work very fast and within those days they gave us reports to consider. I also wish to express my gratitude to the Parliamentary Budget Office (PBO) and I can see some of the officers here. They gave ... view