Elias Peter Mbau

All parliamentary appearances

Entries 71 to 80 of 513.

• 26 Apr 2012 in National Assembly: tabled in Parliament in accordance with the requirements of the Fiscal Management Act, 2009 and the Kenya National Assembly Standing Orders, 2008. Mr. Deputy Speaker, Sir, based on your ruling on 18th April, 2012, you did indicate that in consultation with departmental committees, the Budget Committee should immediately embark on reviewing the Budget Policy Statement and within seven days submit a report to this House. I am extremely glad that we have been able to undertake this task diligently and have adhered to the timelines. All this is courtesy of the commitment, diligence and dedication of the various chairpersons of ... view
• 26 Apr 2012 in National Assembly: Assembly and the Judicial Service Commission on behalf of the Judiciary. I wish to sincerely thank all the Members of the Budget Committee as well as those of the departmental committees for their dedication, enthusiasm and support during the review of the Budget Policy Statement. The Committee is equally grateful to the office of the Speaker and the Clerk of the National Assembly for the support they gave during its considerations of this Budget Policy Statement. view
• 26 Apr 2012 in National Assembly: On behalf of the Committee and its Members, I now have the honour and pleasure to present this report of the Budget Committee on the Budget Policy Statement for 2012/2013 and the Medium-Term to this House as well as initiate debate with a view to adopting this report which is expected to be considered and incorporated in the final preparation of the Budget proposals to be adopted later this year. Let me move and restate the purpose of the Budget Policy Statement. This Statement is a broad macro-economic strategy on issues that inform budgeting in the next financial year and ... view
• 26 Apr 2012 in National Assembly: The Committee wishes to point out that while the Budget Policy Statement for 2012 has broadly taken into account the provisions of the Fiscal Management Act and the Standing Orders, it failed to adhere to some pertinent provisions, notably; Section 7(3)(d) and (e) of the Fiscal Management Act that provides that the Budget Policy Statement should contain the total resources to be allocated to individual programmes within a sector or Ministry for the current financial year and succeeding three years and indicating outputs expected from such programmes during the period and, of course, the criteria used to apportion these resources ... view
• 26 Apr 2012 in National Assembly: Mr. Deputy Speaker, Sir, the body of the report that we laid yesterday takes an excursion on the recent developments in the economy and output, on fiscal policies and the Budget framework, on the CDF framework and the structure of the Budget itself as well as on specific expenditure priorities per sector as has been recommended by the various Departmental Committees. Most of the recommendations are contained in the body of the report. I want to now narrow down to the specific recommendations that I will want to urge this House to view
• 26 Apr 2012 in National Assembly: ensure are taken on board and incorporated when the Minister for Finance eventually places or submits the Budget Estimates later this year. The recommendations are as follows:- On the fiscal policy and budget framework, the Committee recommends that given the weak fundamentals driving the economic growth over the period of 2012/2013, the growth target should be revised to 5.2 per cent so that, eventually, the estimated revenues are, at least, not at a very huge variance with what is realisable - with the actuals. We also recommend that the Equalization Fund, according to Section 221 of the Constitution Sub-section 2, ... view
• 26 Apr 2012 in National Assembly: Mr. Deputy Speaker, Sir, in addition, not later than 31st May, 2012, the Commission for Revenue Allocation should publish the criteria for identification of marginalized areas to enable operationalization of the Fund at the start of the 2012/2013 Financial Year. In addition, the requisite law should be enacted. The Minister for Finance should gazette rules and regulations governing the Equalization Fund. The Committee takes exception that in 2011/2012, it was recommended that the Equalization Fund be operationalized. But that was not realized. view
• 26 Apr 2012 in National Assembly: Mr. Deputy Speaker, Sir, according to the Contingency Fund Act which was passed last year, the contingency fund must be increased to the statutory level of Kshs10 billion. The Committee, therefore, recommends for a full provision of that amount in the annual estimates for 2012/2013, noting that what is now provided in the Budget Policy Statement is a mere Kshs5 billion, which is 50 per cent of the statutory amount. view
• 26 Apr 2012 in National Assembly: Mr. Deputy Speaker, Sir, to enhance manufacturing – and these are broad policy prescriptions - the Government should provide a ten year tax holiday for large industries that use:- (a) 100 per cent local raw materials and labour to produce products for local markets and export. (b) New or revitalized paper milling companies that sustainably use 100 per cent of local raw materials--- view
• 25 Apr 2012 in National Assembly: Mr. Speaker, Sir, I beg to give notice of the following Motion:- THAT, this House adopts the Budget Committee Report on the Budget Policy Statement for 2012/2013 laid on the Table today, Wednesday, 25th April, 2012. view