14 Jun 2022 in Senate:
Thank you, Madam Temporary Speaker. I beg to reply. I wish to tell Sen. (Dr.) Mwaura to stop dreaming. Dreams are normally just dreams; some are realized while others are not. That one might not be realized, in my view. We are waiting for Baba as the fifth President. I want to clarify something on what Sen. Olekina said, about the Senate and the National Assembly arguing about the naming of a Bill. The naming of the Bill was not the issue. They wanted the Bill be a one-off, so that all the conditional and unconditional grants go under line ...
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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.
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14 Jun 2022 in Senate:
resources to the counties are not their own money; it is money from the taxpayers. The governors are just among the many taxpayers and so, they cannot harass employees. Sen. Cherargei, you need to advise your people accordingly. Sen. Cherargei has also warned us against using our vehicles to go to the counties. I want to put in the record of this House that the Government vehicle issued to me for three years now has never travelled to Wajir, whether for official function or otherwise, because that is not the reason I was allocated that car. I also want that ...
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14 Jun 2022 in Senate:
Thank you, Madam Temporary Speaker, for giving me the opportunity to second this Motion. We moved the debt ceiling limit in 2018. At that time, the economists had said that we should have moved it to Kshs12 trillion. If we did not do as they proposed, we would review the debt ceiling again before the Senate term ended. I sat in the Committee on Finance and Budget – Sen. Mwaura is also my witness – as they were issuing those proposals. I am glad that the debt ceiling did not move to Kshs12 trillion, but to a lesser limit.
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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.
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14 Jun 2022 in Senate:
This Government has been at a time where the world is facing challenges; one of the challenges being COVID-19. The economy did not perform as expected because of COVID-19. If you took a loan, you have to pay back. As much as the revenue fall short of the target, the loans are on the register to be paid periodically. The war in Ukraine started. If it continues, the world will face economic depression, which will impact the world resulting to poverty. As a Committee, when we were looking at this Report, there were submissions that warned us that if we ...
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14 Jun 2022 in Senate:
coalitions that will form Government, they will need a year to settle to discuss an increment of debt and other issues. They will have a lot of administrative work to do in running the Government. Let us save them the burden by ensuring that they have some funding to run the Government for the first year. Afterwards, they can make their own decisions. There was also a request to peg the debt ceiling as a proportion of the GDP. This did not materialise because whatever amount they were requesting, was below the threshold. In terms of improvements, we should ensure ...
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14 Jun 2022 in Senate:
Having said that, in this country, there is improvement in infrastructure. There was a lot of criticism from our colleagues who are on the opposite side on why we are investing in infrastructure.
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14 Jun 2022 in Senate:
The other day they were saying they will expand the road network in Kakamega by 1,000 kilometres. From criticising to pledging to expand the road network in Western by 1,000km, we need to be more consistent in what we are saying. Lack of consistency brings a lot of problems when you look at peoples’ manifestos in terms of what they want to achieve.
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14 Jun 2022 in Senate:
Compared to the previous regime that was running the National Treasury, the Permanent Secretary (PS) was telling us they have increased the institutional debt to 75 per cent of our external debt. This means the commercial sector and others are only 25 per cent. This was a move in the right direction because international institutional debts are much friendlier in interest rates and have a longer repayment period compared to the commercial debts.
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