John Mbadi Ng'ong'o

All parliamentary appearances

Entries 1531 to 1540 of 7480.

• 9 Oct 2019 in National Assembly: This also needs to come out clearly. It is not true as my classmate, Hon. Musimba, has said that we are allowing the Government to borrow Kshs9 trillion. That is not correct. Let us be clear. This is where, we, as a House, are failing. Henceforth, we must hold the Government to account every year when we are making the budget on how much they will borrow for that year. The Government has a debt ceiling of Kshs9 trillion, but the amount we have allowed them to borrow this financial year is only Kshs635 billion. If they borrow any amount ... view
• 9 Oct 2019 in National Assembly: Let me say something about debt restructuring. It is a normal and common practice even in the private sector. It is called balance sheet restructuring in companies. This is where you can decide to ask the shareholders to come forward and buy what is owed to creditors so that you reduce the cost of doing business in the company. As a country, we have realised, and it is painful, that those who are charged with the responsibility of protecting and securing the interests of Kenyans at the National Treasury went ahead and borrowed very expensive loans for reasons that cannot ... view
• 9 Oct 2019 in National Assembly: We have financial institutions that are credible and can give us concessionary loans at 2 per cent. They cannot give us money because we have overshot the debt ceiling. We cannot construct that Dongo Kundu Bridge, which I have just mentioned, and the ring road from Busia all the way to Migori, all of which can be financed by the World Bank at a cost of Kshs40 billion. The World Bank is pleading with us that it is ready with the money to construct that road. The Government cannot borrow Kshs40 billion to do that road, which is a very ... view
• 9 Oct 2019 in National Assembly: I conclude that the Budget and Appropriations Committee, chaired by Hon. Kimani Ichung’wah, where I sit, must make sure that we keep the National Treasury on its toes, so that they borrow this money to retire and restructure the expensive loans to the country that are making us suffer as a country and making the future of this country bleak. Future generations are complaining that we are mortgaging their future. So, we need to restructure the debt. Finance matters sometimes may look simple, but they are not. Some people are arguing that if we want to retire expensive debts, then ... view
• 9 Oct 2019 in National Assembly: You have to push up the ceiling first to be able to borrow and go and pay to reduce. I do not know if I am making sense. I am now talking like I am educating my children at home. That is the way I would put it. For us to borrow to retire some debts, we have to push the ceiling up to allow us to borrow. view
• 9 Oct 2019 in National Assembly: With those very many remarks, Hon. Speaker, allow me to sit down and ask the House to approve the debt ceiling. But the Government must know that the people of Kenya are not happy with it for putting us in this situation. We would not be where we are today if there was responsibility. view
• 9 Oct 2019 in National Assembly: Thank you, Hon. Speaker. view
• 8 Oct 2019 in National Assembly: Hon. Speaker, the issue that Hon. Didmus Barasa is raising is very fundamental. The truth is that we have complained about this issue of CASs a number of times, but how I wish that Hon. Didmus Barasa started seeing the light those days when we were complaining about the creation of positions in the Government that did not exist. When we passed the 2010 Constitution, we were very clear. We wanted a lean Government of a maximum of 22 CSs and no one envisaged a situation where we would have assistant ministers or individuals exercising powers close to what the ... view
• 8 Oct 2019 in National Assembly: I think it was a wrong move. What I do not know is how we need to deal with this. We have talked about it. The Government has created positions which should have been created by the Constitution. If you ask me, it is beyond the powers which were given to the President to create offices in Government. There are powers that the President has, but when you use the powers to create offices which more or less appear like cabinet positions or assistant ministers, then questions need to be asked. Hon. Didmus Barasa is late. The horse has bolted. ... view
• 2 Oct 2019 in National Assembly: Thank you, Hon. Deputy Speaker. Remember you have just asked Hon. Osotsi and others to consult in low tones. I was in that team and we respected your instructions and guidance. Then this immature boy comes to say that you are The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor. view