James Orengo

All parliamentary appearances

Entries 1231 to 1240 of 4273.

• 5 Nov 2019 in Senate: To that extent, you will find that as we speak today, nearly 90 per cent of local borrowing in the Republic of Kenya is being done by the Government of Kenya. If you look at what the Government pays in terms of interest and penalties on this internal debt, the situation is even worse. In fact, the ceiling is about external debt but a bigger problem is that internal debt has got consequences that you cannot imagine. It means that money is scarce to business. When money is scarce to business you find that people cannot undertake business in the ... view
• 5 Nov 2019 in Senate: Mr. Deputy Speaker, Sir, the Greek debt crisis at the end was resolved by looking for other sources of funds from Europe. The Greek Government said: We are overburdened by debt, how can we resolve this? They increased the taxes like VAT and brought in austerity measures. One of the things that we as leaders are not prepared to live with is austerity measures. That means, we do not have projects, they must stall the way they are. We must reduce our salaries like the Government of Libya tried; they reduced salaries including of the President. I think the President ... view
• 5 Nov 2019 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. view
• 5 Nov 2019 in Senate: court, then people would rather not pay tax or go into business because at the end of the day, it makes business a very dangerous enterprise. view
• 5 Nov 2019 in Senate: Mr. Deputy Speaker, Sir, I will look at that. That is like somebody whose wife has just delivered and he says the time has not come for another child. That is really staggering. You are ultimately going to get that loan, anyway, but you are just staggering it. You are just like dukawallas who, instead of paying Africans the whole salary they used to give them Kshs10 a week. That will not resolve the problem because if you go to international money markets, they look at your capacity to borrow. By the way, at international money markets, they will not ... view
• 5 Nov 2019 in Senate: Yes, Mr. Deputy Speaker, Sir. view
• 5 Nov 2019 in Senate: Mr. Deputy Speaker, Sir, in saying all this, I want to confess that the Government has not behaved well in this regard; how they have borrowed and how they have used the money. Sometimes you go into projects like I want the SGR to go everywhere including Kisumu, but the way it has been implemented is a total disaster. There are many other projects which one can mention without end. I think the solution this time round is to look at the law because the Constitution has provided a framework where Parliament is the one to set the limits. That ... view
• 5 Nov 2019 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. view
• 5 Nov 2019 in Senate: However, we need a law in place that measures up to what the Constitution desires. This is because Article 211(1) of the Constitution says: “Parliament may, by legislation- (a) Prescribe the terms on which the national government may borrow; (b) Impose reporting requirements” This is not just the limit, but the terms on which the national Government may borrow and impose reporting requirements. We do not have that law in place. My learned friend, Sen. Faki, is going to probably address Sub-Article (2) which is equally important. There has never been a request by the Senate or the National Assembly ... view
• 5 Nov 2019 in Senate: Mr. Deputy Speaker, Sir, we want the economy to crash. President Obama was not scared when he inherited an economy that was collapsing and in debt. Even when he was being accused of socialising the American economy, and that he was acting as a socialist, giving corporate welfare to General Motors (GM), he stood up and said: “This is what must be done in these circumstances.” President Trump inherited an economy that had been repaired by President Obama. I am now surprised that there could be Members of the Jubilee Party who want this economy to crash. Even we, as ... view