Henry Rotich

All parliamentary appearances

Entries 121 to 130 of 251.

• 30 Mar 2017 in National Assembly: In this Budget, we have provided resources for the requisite medical technology for all our public hospitals, and for the expansion of immunisation coverage to reduce infant, child and maternal mortalities, in addition to continuing to fund free maternity care. This House approved the 2017 Budget Policy Statement in December and this paved the way for the preparation of Budget Estimates for the Financial Year 2017/2018 which Parliament approved yesterday. The estimates broadly reflect the priorities that I will elaborate shortly. In addition, I have submitted the Finance Bill, 2017, which contains the taxation and financial proposals that will further ... view
• 30 Mar 2017 in National Assembly: This Budget will continue to support devolution through disbursement of resources and maintaining transfers to county governments at levels well above the constitutional threshold. In this Budget, we shall continue to progressively reduce the fiscal deficit and ensure continued sustainability of our debt. In this regard, in the Financial Year 2017/2018, we project the fiscal deficit to decline to 6 percent of GDP from an estimated 9 percent in the current Financial Year. The sharp reduction of the deficit reflects reduced expenditure owing to the one off expenditures mainly those related to the general elections and the drought which are ... view
• 30 Mar 2017 in National Assembly: a) Support Growth and Domestic Production; b) Reduce Income Inequality; c) Promote Job Creation; d) Improve Tax Administration and Compliance; and e) Enhance Social Security and Welfare. With this background, the rest of my Statement will cover the economic context around which this Budget is prepared and the progress made in various strategic areas aimed at creating jobs and delivering a better life for all Kenyans. Thereafter, I will share the Fiscal Policy and the framework for Financial Year 2017/2018 Budget and conclude with tax and other policy measures in the Finance Bill, 2017 that I have submitted today. When ... view
• 30 Mar 2017 in National Assembly: To support an environment where more jobs will be created, the Government is strongly committed to pursuing prudent fiscal and monetary policies that support strong economic growth, ensures price stability and maintains our debt at sustainable levels. Our fiscal policy will continue to focus on prioritising development expenditures to support growth while curtailing growth of non-productive recurrent expenditures. Monetary policy will target to keep inflation within the target range of 2.5 percent on either side of 5 percent. To further reinforce price stability, our proposed fiscal policy will help keep interest rates low and stable and the exchange rate broadly ... view
• 30 Mar 2017 in National Assembly: a result of the implementation of measures initiated by the dedicated Business Environment Delivery Unit at the Ministry of Industrialisation, and Enterprise Development. Kenya’s business environment has improved remarkably. Over the past three years, Kenya’s ranking in the World Bank’s Doing Business indicators has improved from 136 to 92 largely due to reforms in getting credit, getting electricity and ease of starting a business. In 2016, we were ranked third out of the World’s top ten reformers. With the objective of achieving a rank below 50 in the medium term, we have passed appropriate legislation and processes to reduce the ... view
• 30 Mar 2017 in National Assembly: To sustain police mobility and security operations, in the Financial Year 2017/2018, I have allocated Kshs8.1 billion for leasing of police service vehicles; Kshs24.8 billion for police and military modernisation; Kshs12 billion for enhanced security operations; Kshs0.9 billion for the construction and equipping of the national forensic laboratory; and Kshs2.0 billion for securitising our borders. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 30 Mar 2017 in National Assembly: Today, police officers have a comprehensive Medical Insurance Cover and Group Life Insurance Cover. To improve our police welfare, I have allocated Kshs5.1 billion for Police and Prison Officers Medical Insurance Scheme and Kshs1.7 billion for Group Life Insurance for Police. To enhance community security and facilitate timely access to crime scenes, the Government invested in CCTV cameras and improved street lighting in major towns. The cumulative effect of investing in our security has seen a significant reduction in crime. For instance, in Nairobi alone, between 2014 and 2016, cases of robberies fell by 32 percent; motor vehicle thefts fell ... view
• 30 Mar 2017 in National Assembly: governments to Kshs329.3 billion which is equivalent to 35.2 percent of the most recent audited revenues approved by the National Assembly. Our national development blueprint Vision 2030 envisions a nation that is moving to the future as one. In this Budget, we have provided Kshs410 million to the National Cohesion and Integration Commission (NCIC) and Kshs106 million for national integration under the Ministry of Interior and National Coordination. On Public Financial Management, in the Financial Year 2017/18, the Government will continue to cut unnecessary expenditure and keep Government spending under control. To improve the implementation and absorption capacity of projects ... view
• 30 Mar 2017 in National Assembly: conveniently using their phones. The banking sector remains largely profitable with capital adequacy and liquidity ratios above the recommended thresholds, thus giving assurance to Kenyans that their money is in safe hands. Over the last one and a half years, some commercial banks experienced challenges and were put either under statutory management or liquidation. Following this and the emergence of new financial risks in the sector, the Central Bank of Kenya (CBK) adopted abroad surveillance strategy to stabilise the sector around three pillars: (i) Increasing transparency on shareholding; (ii) Strengthening banks corporate governance; and (iii) Ensuring banks adopt effective business ... view
• 30 Mar 2017 in National Assembly: products with the conventional financial products. In addition, I shall shortly be issuing regulations to facilitate development of Takaful Retirement Benefits Schemes in Kenya. The insurance industry in Kenya is restructuring into groups to enhance their capital base as well as take advantage of economies of scale and maximise on the expertise which is scarce. Currently, there are more than ten such insurance groups operating in Kenya, and there is no sufficient legal and regulatory framework to ensure effective supervision. This implies that their inter-related risks are not monitored. In this regard, I propose to amend the Insurance Act to ... view