7 Jun 2022 in National Assembly:
Hon. Speaker, I beg to move that the Appropriation Bill, (National Assembly Bill No. 31 of 2022), be now read a Second time. This is an issue that we dealt with, when I brought the Motion on the Budget. We discussed, at length, the figures and all the issues that were captured in the Budget Estimates for the 2022/2023 Financial Year that were submitted to this House on 7th April in adherence to the requirements of Article 221 of the Constitution.
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7 Jun 2022 in National Assembly:
The revenue and expenditure proposals have come during a transition period where a big shift is expected in policy, goals and programmes of the Government. It is worth noting that the policies which are mentioned or outlined in this Budget are still anchored in the Medium-Term Three which will end in June this year. Further, the Government still prioritises the Big Four Agenda, especially the Universal Health Coverage (UHC), which we hope that the subsequent Governments will build on. My critical review of the Budget is that the country is still struggling economically. We are still facing the shocks from ...
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7 Jun 2022 in National Assembly:
I also wish to draw the attention of this House to some of the issues that may have adverse effects on our economy. The fiscal fronts show that there is a good performance in the current financial year. Most of the revenues have performed above the targets in the third quarter of the 2021/2022 Financial Year.
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7 Jun 2022 in National Assembly:
I also want to associate this with the primary intervention by the Government. It undertook to ease up the COVID-19 related restrictions which eventually led to the recovery of the economic sectors. The total projected revenue is Kshs2,480,000,000,000, which is 17 per cent of the Gross Domestic Product (GDP). It is an appealing projection given that there are no specific proposals which are aimed at enhancing revenue collection. The medium-term revenue targets are unlikely to be achieved, considering that this is an election year. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of ...
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7 Jun 2022 in National Assembly:
Hon. Speaker, the Finance Bill which was tabled in this House proposing amendments to the various statutory taxes to raise an extra Kshs50 billion was not realistic. Some of them were rejected by this House. Most of the proposals touched on basic consumer goods which affect the common mwananchi directly. That is the reason Parliament, in its wisdom, rejected some of those recommendations. As a country, we need to come up with a reliable and effective mechanism of raising revenue. Further, there is a worrying trend in the projected ministerial Appropriations-in- Aid (A-in-A). Statistics show that there is a significant ...
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7 Jun 2022 in National Assembly:
The debt issue which we have just processed is a threat to this country. It is something that we, as a country, need to have a discourse on. The fiscal deficit increases our borrowing appetite. 26 per cent of the proposed expenditure of Kshs3.3 trillion goes to the Consolidated Fund services which consist mostly of interest payment. Given the rising cost of dollar, payment will continue to strain our economy.
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7 Jun 2022 in National Assembly:
Let me say something on the critical Budget expenditure in this Budget. The education sector continues to draw the largest proportion of the Budget which is 25 or 26 per cent. This is commendable, since it is one of the sectors that stimulate the growth of our economy by fighting ignorance and poverty. The additional allocation to the education sector is also enhancing the Competency Based Curriculum (CBC) preparedness, recruitment of additional teachers, construction of additional classrooms and related infrastructure.
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7 Jun 2022 in National Assembly:
Hon. Speaker, in this budget, we have also provided funds for the Independent Elections and Boundaries Commission (IEBC). We know that we have an election on the 9th of August. However, we need budgetary support. There have been complains in the past and I am happy that we have sufficiently funded the IEBC in readiness for the next general election.
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7 Jun 2022 in National Assembly:
May I also draw the attention of this House to an amendment in the Committee of the whole House which is related to catering for the petroleum price stabilisation, such that we cushion our citizens from the effects of the rising fuel. In this regard, there is an additional Kshs15.36 B that has been proposed. This will be enhanced through the Petroleum Development Levy. However, these interventions are short term. We cannot continue subsidising the fuel prices. There has to be an exit strategy on how we are going to deal with this issue of petroleum.
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7 Jun 2022 in National Assembly:
Hon. Speaker, I beg to move and request Hon. Wangwe, the Majority Whip, to second.
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