19 Oct 2021 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate.
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19 Oct 2021 in Senate:
months of the adoption of this Report the National Treasury shall submit to Parliament a legislative proposal setting out the appropriate fiscal consolidation measures required to reduce the public debt stock to a sustainable level over the medium term. If they do not, we will come up with methods of enforcing it. Secondly, we recommended that the National Treasury should utilize the non- debt options for public investment and submit a report to Parliament on a quarterly basis. Since we also dealt with the Public Private Partnership Bill, that is why one feels a bit constrained when we are not ...
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19 Oct 2021 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate.
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19 Oct 2021 in Senate:
We are on a transition, once these things go I do not know where counties will get money to sort out these people. As such, people’s property will continue being auctioned, people will continue committing suicide and children that would have gone to school through the effort of their parents will continue dropping out of school. The Committee will make recommendations in another report that we will bring forward, on measures on pending bills. We must try to enforce counties to pay pending bills before the elections. The Controller of Budget is doing a commendable job. We learnt that nobody ...
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19 Oct 2021 in Senate:
Remember we have recommended that the operationalization of the debt management module in the Integrated Financial Management System (IFMIS) be done immediately. The Controller of Budget should be given powers to be able to access and see how it is being done. We are not talking about things that are new. We learnt countries with best practices like Tanzania are doing that. The other one is Ghana and South Africa is struggling a bit, but what we are recommending is possible.
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19 Oct 2021 in Senate:
Within 28 days of the adoption of this report, the National Treasury should provide a status report on the restructuring of public dead stock as indicated during the review of the debt ceiling in October 2019. They could not convince us on what they had done and kept on telling us they had plans to do. Now we are compelling that within 28 days, they must table a report to this House indicating how they went about carrying out the exercise they promised.
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19 Oct 2021 in Senate:
Madam Deputy Speaker, Section 15 (2) (c) of the Public Finance Management Act (PFM) Act, stipulates that: “Over the medium term, the National Government’s borrowings shall be used only for the purpose of financing development expenditure and not for recurrent expenditure.” Therefore, the Auditor-General should within six months undertake a special audit on the utilization of commercial loans in Kenya up to the first quarter of 2021/2022 and submit a report to Parliament. Remember that we said people are breaking laws with impunity. People are treating the national coffers like their private business and that they can take money from ...
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19 Oct 2021 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate.
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19 Oct 2021 in Senate:
into account. The more they publish, the more we ask, the more they will become accountable. We are recommending that they do that with immediate effect. Madam Deputy Speaker, lastly, in addressing the recurrence of commitment fee, the National Treasury should renegotiate and dispatch loans with the aim of either cancelling or disbursing loans. We can comfortably ask the institutions that have lent us. It happens even in businesses when they are not doing well and are defaulting on loans and when you want to make a bullet payment, you can negotiate for a haircut. If the Government or the ...
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19 Oct 2021 in Senate:
The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate.
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