Godana Hargura

All parliamentary appearances

Entries 71 to 80 of 903.

• 21 Dec 2021 in Senate: My expectation is that our mandate as the Senate is to make sure that we look at the impact of the BPS on the counties, basically, on devolution and the proposed revenue. We have to communicate our position on the division of revenue, and by extension, the county allocation of revenue, which is generated from this process. view
• 21 Dec 2021 in Senate: Madam Deputy Speaker, assuming that what we discuss here will have any impact on the budget-making process because it has not had any before, the budget estimates for this year have shown an increase of about 9.2 per cent, from Kshs3 billion to Kshs3.3 billion. However, if you look at what we have gone through, it is clear that we view
• 21 Dec 2021 in Senate: should look at the times we are living in and had this kind of budget increase. It basically means that we will have to borrow more. The revenue collected last time as per the estimates here was Kshs2.141 billion ordinary revenue against Kshs1,942,008.90 of what is projected. What is given in the BPS is not realistic and not even in line with the estimates that are there. view
• 21 Dec 2021 in Senate: Madam Deputy Speaker, that means they will tax Kenyans more because that will be the other way of raising it. At the end of the day, assuming we will raise the Kshs2,192,370,000, with a budget of Kshs3,030,325.70, it means we have to borrow Kshs1.2 trillion from somewhere. That is an addition to the debt that is already hitting almost Kshs9 billion, which was approved last time. view
• 21 Dec 2021 in Senate: I would like to comment as my colleagues earlier did. The reason Parliament approved the increment of that ceiling was to allow the Government to borrow and retire the expensive or local component of the debt, so that we can have the long-term ones; the international ones done at a minimum rate of about 1 to 3 per cent, so that we can structure those ones to delay the payment. view
• 21 Dec 2021 in Senate: Madam Deputy Speaker, from what the Committee has come up with after engaging the stakeholders, nothing has been done. We even hear cases of borrowing from international organizations and countries like Germany at 19 per cent. The Committee Members said that today. That shows we are even borrowing more than at the rate we borrow locally, while that was not the reason we had increased that ceiling. view
• 21 Dec 2021 in Senate: Madam Deputy Speaker, if you look at the budget, the Report says that there is a reduction in the contribution of export to the Gross Domestic Product (GDP). This means that we are concentrating more on consumption than production. The argument has been that we can raise the budget and finance the sections of this Government which will generate more income, but it is all consumption and going to Government departments and sectors which consume. Therefore, there is no increase in production and benefit from it. The clear issue here in this Report is that high domestic borrowing will affect ... view
• 21 Dec 2021 in Senate: If the overall budget has increased by 9 per cent and the revenue estimate has increased, then what informs this idea of not adding more funds to the counties? That is why I agree with the Committee in their proposal that the counties be given Kshs495 billion. This is where I would like to see whether this House has any impact on the budget-making process. According to Section 25 of the PFM Act, this is where our input should be seen. There must be a change in the allocation given to the counties or what the BPS says about the ... view
• 21 Dec 2021 in Senate: I support the Committee’s recommendation in the Report that the county allocation of revenue be increased from Kshs370 billion to Kshs495 billion and the Equalization Fund be released to the counties. We are at the end of the 11th year and no funds have been released from that Fund. It has a sunset clause of 20 years; already 11 years gone and we have only 9 to go and nothing has been released. When they start releasing, will they release the ones they started generating from 2011 or from when they will start releasing? In this country, I do not ... view
• 21 Dec 2021 in Senate: those are residents of the same county which is incurring those kinds of injustices against them. Madam Deputy Speaker, lastly, is the issue of outstanding Government guaranteed debts to state corporations. It has been said clearly about Kenya Airways, but I would like to comment something about Kenya Power Company. If you look at Kenya Power Company, it is a profit-making organization because it does not produce, but buys power from power producers and sells to the consumers at a higher price. It is supposed to be making profit. Nonetheless, because of corruption which has permeated all parts of the ... view