Chrysanthus Barnabas Okemo

All parliamentary appearances

Entries 51 to 60 of 559.

• 19 Apr 2012 in National Assembly: Mr. Speaker, Sir, it is, indeed, true that there is a relationship between the Supplementary Budget and the Finance Bill. This is not a direct relationship. In other words, the Budget is not only financed by revenue from taxation, the Government has various ways of raising money to finance the Budget. Taxation is only one of them and borrowings, external and local is the other while grants is another way. Therefore, I do not see why, necessarily, the Finance Bill must be debated before this Motion on the Supplementary Budget because it is not necessarily tied to the Finance Bill ... view
• 7 Mar 2012 in National Assembly: Mr. Speaker, Sir, I thank you very much for giving me the opportunity. I would like to make my contribution to this debate, but first I would like to announce that I am a Member of the Committee, and I would like to apologise that I managed to attend only one meeting. However, I have been able to read the Report. The Report contains a lot of good issues. The Committee has actually interrogated the matter very thoroughly. The facts that are in the Report are facts that have come from various experts. However, having looked at the facts that ... view
• 7 Mar 2012 in National Assembly: Mr. Speaker, Sir, I thought in my opening remarks, I made it very clear that I was a Member of this Committee, but I did not have the opportunity to attend the sittings because I was doing other parliamentary work. I only attended one meeting. Even if I had attended, I think as a Member of Parliament, I have the right to come on the Floor here and express my views whether they agree with or conform to the Committee of which I was a Member. I think that is allowed for. view
• 7 Mar 2012 in National Assembly: Mr. Speaker, Sir, I have done neither. If you look at all those minutes as I said, I only attended one meeting. If you look at the report, I have not signed it. However, as a Member of Parliament, I have the freedom to now participate--- view
• 7 Mar 2012 in National Assembly: Mr. Speaker, Sir, I think the key word here is “struggled.” “struggled” means with difficulty. Yes, I was struggling with my conscience because this issue had already been seized of by the Parliamentary Committee on Finance, Planning and Trade. We had actually gone almost halfway through. However, this whole thing was hijacked by the Ad Hoc Committee. I think even in future, we need to be clear that when a matter rightly belongs to a Committee of Parliament that is where the matter belongs. The Ad Hoc Committee is doing what the Committee of Parliament ought to have done and ... view
• 7 Mar 2012 in National Assembly: I think so. Let me give my views. These views have nothing to do with the Committee. They have to do with Kenyans and the economy of this country. He cannot gag me from giving views that might contribute to the improvement of the economy. I do not think that is in order. view
• 7 Mar 2012 in National Assembly: Thank you, Mr. Speaker, Sir. Let me continue to make my comments. First of all, there has been a lot of talk about the inter-bank rates and the discount window rate of the CBK. What I would like to do is to try and throw a little bit more light than has been done so far. The inter-bank rate is the window where commercial banks among themselves either lend to each other or borrow from each other. The rate that is determining the inter-bank rate is supply and demand among the banks. That is how that inter-bank rate is determined. ... view
• 7 Mar 2012 in National Assembly: Mr. Speaker, Sir, obviously the hon. Member was not listening. That is not what I said and anybody who knows any economics would know that what he is saying does not make sense. I said that the lending rate in the discount window is the CBK rate plus the penalty. So, look at what the CBK rate was in November. It was 16.5 per cent. If you look at the rate of 16.5 per cent and look at what is being charged as the discount window rate, the difference is a penalty. That penalty means that because of the tight ... view
• 7 Mar 2012 in National Assembly: Mr. Speaker, Sir, I have absolutely no interest to declare. I do not have any shares in any bank in Kenya. I do not have any interest in the CBK. I am the Chairman of the Committee on Finance, Planning and Trade. I am making a contribution as a Member of Parliament and I believe that the views I am giving here could be of use to this country. I have absolutely no conflict of interest. view
• 7 Mar 2012 in National Assembly: Mr. Speaker, Sir, now that my trend of thought has been interfered with, let me quickly try to recollect where I was before I got interrupted. Yes, I was on the formula of the discount window. Mr. Speaker, Sir, the figures as they appear here in the Report--- view