14 Jun 2022 in Senate:
Thank you Madam Temporary Speaker. The issue of the Principles and Framework of Public Finance as envisaged under Article 12 of the Constitution is very clear. Article 201 on the Principles of Public Finance, one of them sets the principles to guide all aspects of public finance in the Republic. The key one is that there should be openness and accountability, including public participation in financial matters. Madam Temporary Speaker, there is low confidence among Kenyans on the management of public debt. Kenyans do not have confidence because the managers at the National Treasury and the Government have not done ...
view
14 Jun 2022 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.
view
14 Jun 2022 in Senate:
I have seen a preview of the Report prepared by Sen. Faki as the Chairperson, and am happy I mentored him well when he was a Member of the Committee on Justice, Legal Affairs and Human Rights---
view
14 Jun 2022 in Senate:
Let me not talk of mentoring; I showed him how work is done. I am happy looking at the reports the Committee has done; they have done what they could. Looking at the circumstances in the country, I have looked at the issue of depreciating Shilling and that increase in price levels may pose a challenge.
view
14 Jun 2022 in Senate:
We need to tell Kenyans that if the debt ceiling rises, the cost of living will go up. The Energy and Petroleum Regulatory Authority (EPRA) will be disclosing the pricing of fuel in the country today, and it will go up. Everything in the Republic including school fees and the cost of doing business will go up. We must generate revenue. As a country, we have a deficit budget. The budget of more than Kshs3trillion plus is in deficit. Madam Temporary Speaker, we must look at the revenue that we need to generate locally to pay off this debt. The ...
view
14 Jun 2022 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.
view
14 Jun 2022 in Senate:
has approved. I hope the chairperson of the Committee on Delegated Legislation is listening to this keenly. I know they relocated the Port to your county. It will be interesting to see how your people in Kajiado will behave when the Port is returned to Mombasa. What we are not telling Kenyans is the fact that if we raise the public debt ceiling, it means that taxation will go up. Taxation will go up because we need those taxes. Even reducing the VAT on basic commodities from 16 per cent to 8 per cent will not be possible. Madam Temporary ...
view
14 Jun 2022 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.
view
14 Jun 2022 in Senate:
To make it even more painful, the contractor of Nairobi Expressway is demanding Kshs9 billion to renovate the Old Mombasa Road. That is how corruption thrives. There is no other name for corruption. They are now demanding Kshs9 billion for the old Mombasa Road, which is in a pathetic state. The drainage is poor and renovations have not been done. The size of the road has been reduced because they have built beams and pillars, yet the contractor has the audacity of demanding an additional Kshs9 billion, to renovate the road that they destroyed. That is how you loose public ...
view
14 Jun 2022 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.
view