James Gichuki Mugambi

All parliamentary appearances

Entries 21 to 30 of 73.

• 16 Jun 2021 in National Assembly: We have to come up with a very strong framework to oversee the funds going to counties. We believe our brothers at the Senate level should do much more to guide and oversee counties. Going forward, the national Government has done very well in terms of providing funds for pending bills and we hope counties will be pushed through the Senate to do the same. Remember this House had supported that any county that is not clearing pending bills will not get funds. Those funds should be released directly to those who are owed money. The other day we looked ... view
• 16 Jun 2021 in National Assembly: I beg to support. view
• 9 Jun 2021 in National Assembly: Thank you, Hon. Deputy Speaker. I beg to support. This is the first time we continue to increasingly prepare our budget under very tight and delicate fiscal infrastructure. As the Chair has moved, we have a lot of challenges in this budget. One of them is pending bills. We discussed the issue of pending bills last year and whereas we appreciate the effort the national Government, through the National Treasury, has made to try and address this monster of the pending bills, it is not the case with the county governments. I think our Senate counterparts should take up this ... view
• 9 Jun 2021 in National Assembly: Thank you, Hon. Deputy Speaker. These pending bills are affecting the operations of our banking system. We have seen banks making extremely huge provisions in their loan book because people are not able to pay. The Government owes most of these people money through pending bills. We also have to speak to another monster in the issue of pending bills. We have Government ministries owed money by other Government ministries. It is a big challenge. A good example is a case of the KPLC. They are already under big pressure on operations and they are owed money by other Government ... view
• 9 Jun 2021 in National Assembly: The other monster is stalled projects. Most stalled projects are holding huge amounts of investments. When you consider that this money has been borrowed and then put or sunk into stalled projects, and we are paying interest, these projects are not producing or helping in increasing productive capacity within the economy, you wonder why we should be starting other projects. We have a stock of almost one trillion shillings in stalled projects. These are projects that are financed through borrowed funds. This House should take a lead particularly on our office block which continue to hoard a lot of money. ... view
• 9 Jun 2021 in National Assembly: When we look at the tax measures being undertaken to finance this budget, we realise that we are going to have a challenge. We are going to have a challenge because we are in a time when the Government should be giving incentives to the economy. Unfortunately, we are coming up with some very difficult tax measures. We should be careful not to kill the goose that lays the golden egg. When we talk about tax measures like turnover tax, turnover tax for those who understand tax, is tax on sales, but we know that the principle of taxation is ... view
• 9 Jun 2021 in National Assembly: which made losses. When you tax them on sales, you are already killing them. We have very low margin businesses in this economy. They have high turnover, but they do not have the margin. If you tell them to pay you money in advance, you will kill them. In the long term, we are going to kill the goose that lays the golden egg. I know we have to definitely finance our budget operations, but we must be careful not to affect our long-term survival by killing entrepreneurship and businesses which are employing hundreds and thousands of Kenyans. When you ... view
• 9 Jun 2021 in National Assembly: We also have to support our small scale businesses. We must ensure that the money we are borrowing from the banking sector is not crowding out the private sector. We have started seeing signs of interest rates coming up because the Government is borrowing a lot locally. We would request the National Treasury to continue making effort to externalise part of the debt and also to manage expenditure. As we speak, when you look at the amount of money we are paying on external loans plus interest and what we are paying as salaries and recurrent expenditure, it shows that ... view
• 9 Jun 2021 in National Assembly: I beg to support. view
• 6 May 2021 in National Assembly: I vote a big yes. view