Danson Mungatana

All parliamentary appearances

Entries 741 to 750 of 2308.

• 9 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, first of all, I want to thank Mr. Adan Keynan for moving this Motion at such a time. Some people who may be listening to this debate could be wondering why Parliament should be involved in things that look quite technical on the face of them. Article 95(2) of the Constitution states that one of the duties and roles of Parliament is that the National Assembly shall deliberate and resolve issues of concern to the people. So, it is, indeed, an issue of great concern to the people of this Republic that, in fact, the ... view
• 9 Nov 2011 in National Assembly: Like other hon. Members have said before, in 1990, we made a decision as an economy called the Kenya economy, to make our exchange rate a floating exchange rate. There were reasons for that. We looked at the advantages. First, it would allow more continuous adjustments of the rates to the shift in demand and supply of foreign exchange, which is good. That is because it would give freedom to the country to pursue its monetary policy without having to be concerned with the balance of payment effect. We made that decision consciously as an economy. But there were disadvantages ... view
• 9 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, in order for us to have proper trading within this country; and in order for us to have control of the exchange in this country, we have to take proper determination of the economic factors that are responsible for the fluctuation of the shilling. We know that the fiscal and monetary policies are the key instruments. Right now, the people of Kenya are not satisfied in the manner in which the Central Bank of Kenya has tried to drive the process of the management of the fiscal and monetary policy. view
• 9 Nov 2011 in National Assembly: Typically, therefore, the Kenyan people want to have an input in terms of what can be done. This Committee, like it has been said before, will probe things that are not being discussed right now. It will go into areas that other instruments, particularly the CBK, have not been willing or wanting to explore. It will also give the people of Kenya confidence that something is being done at this time. view
• 9 Nov 2011 in National Assembly: I am not part of that Committee but, one of the things that it must explore is the following: Right now, Kenya is suffering because the value of imports, as we stand now, is US$4 billion. Our exports amount to only about US$0.4 million. So, in terms of stabilizing the exchange rate, this Committee must look into ways and means of improving our shilling. We will not only be talking about our importers, but also our exporters. How are we going to encourage them? What are we going to do--- view
• 9 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, let us calm down first and deal with the point of order that Mr. Midiwo has raised. Mr. Midiwo has interrupted my contribution and raised a point of order saying that, already, the Departmental Committee on Finance, Planning and Trade is seized of this matter and, therefore, we cannot purport to form a Select Committee. We need to resolve that issue now and we should not raise temperatures. Let us reason together. view
• 9 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, in answering that--- view
• 9 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I am on a point of order answering to his point of order. view
• 9 Nov 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, in considering your ruling, you must find that constitutionally – and I quoted the Constitution and I want you to hear--- view
• 9 Nov 2011 in National Assembly: I want the Chair to listen because he has to make a ruling. view