26 Nov 2019 in Senate:
I have a minute, I believe. I will conclude. 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
26 Nov 2019 in Senate:
What President Roosevelt did was to set up the Tennessee Valley Authority (TVA) that put in place mechanisms to mitigate the issue of floods. They tapped the water that was emanating from the floods into dams that could generate power for the locals.
view
26 Nov 2019 in Senate:
Madam Temporary Speaker, the TVA supplies to the national grid the cheapest electricity in America. I hope that we can also utilise some of these topographical areas and convert them to investments that can be of use to our country. I hope the Government can do something to mitigate the losses that have been suffered by the people of West Pokot County. Thank you, Madam Temporary Speaker.
view
16 Oct 2019 in Senate:
Thank you, Mr. Deputy Speaker, Sir. First, I think I am one of the few Members who will be handling this matter because I serve in the Committee on Delegated Legislation. I want to thank you for bringing on board the other Members of the Committee on Finance and Budget. I think we are between a rock and a hard place because this is one of those issues where we will either affirm or reject. According to the law, we have no room to amend this subsidiary legislation once it comes to the House. This is happening at a time ...
view
16 Oct 2019 in Senate:
I think this gives us an opportunity as a House to look into this matter very objectively, putting the interests of this country first, more than anything else. I do not mind if the National Assembly can pass this even without any debate because they do not represent counties and their governments.
view
16 Oct 2019 in Senate:
We all know that the more we borrow, the more we shrink allocations to counties. Before we do any allocations, the first charge is to take care of our public debt. The more we borrow, the more we must warn ourselves that next year, allocations to our respective counties will shrink. That is a fact that we must bear in mind as Senators. I think that is why under Article 96, our first duty is to protect our counties and their governments. I agree with you that we need to ensure that this matter is given due attention. There should ...
view
16 Oct 2019 in Senate:
We are introducing figures, meaning that we are doing away with those considerations of GDP. Although I am not an economist, GDP is used to measure the ability of our country to repay debts. If we are making this substantive shift, we are doing away with GDP, how are we going to mathematically arrive at a conclusion that we will be able to pay what we are borrowing?
view
16 Oct 2019 in Senate:
This is a matter that is of serious public interest. We need to warn ourselves that we should allow this country to place itself at risk of being unable to make future repayments of the money we borrow. We need to ensure that we are not placing ourselves in a situation where we are not only mortgaging ourselves, but even the future of our generations.
view
16 Oct 2019 in Senate:
We need to ensure that we do serious public participation and not understand from the Treasury. What are we projecting in terms of our collection? The Government of Japan can borrow because their liquidity is good. How is our liquidity as our country? We should not compare ourselves with countries like Japan because they have better liquidity than us.
view
16 Oct 2019 in Senate:
I want to hear the concerns of us the representatives of the people. We should avoid this rapid rise in public debt in the pretext of pushing up public sector development. Is there good value for money? We have borrowed before and we do not know where this money goes. 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