John Mbadi Ng'ong'o

All parliamentary appearances

Entries 3071 to 3080 of 7480.

• 9 Jun 2016 in National Assembly: This came about because the Executive led by the President held a meeting in Naivasha. It was a good one but was held late after the Budget Policy Statement. I want to emphasise that going forward, the Government should wake up and hold executive meeting to agree on the Budget Estimates before the Budget Policy Statement is adopted by Parliament. view
• 9 Jun 2016 in National Assembly: Looking at the Budget figures, they are completely at variance with what this House approved in February. What you want to ask is what is informing the Budget Estimates. Is it informed by the policy decision and direction of the Government? My answer is no. This House was informed of policy direction of the Government which has changed. I think this changed on realisation that we have an election next year. But, there is nothing wrong with the Government The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained ... view
• 9 Jun 2016 in National Assembly: of the day thinking about elections. At what point should it do that? The Government was late in doing that. view
• 9 Jun 2016 in National Assembly: The figures have been mentioned. This year, we expect, as a country, to spend Kshs2.27 trillion. Out of that amount, as has been ably put, Kshs859 billion will go to the Recurrent Expenditure and Kshs817 will go to the Development Expenditure. We will have Kshs310 billion going to CFS and Kshs284 billion going to the counties, Kshs6 billion going for the Equalisation Fund and Kshs5 billion to contingencies. view
• 9 Jun 2016 in National Assembly: The bottom line is that there is nothing wrong per se with huge amounts of money going to expenditure, but we need to ask ourselves whether we are able to finance that level of spending. As a country, we are not. The only amount that the National Treasury projects to receive or to collect through Kenya Revenue Authority (KRA) internally or from domestic revenue would amount to no more than Kshs1.5 trillion. Out of this only Kshs1.376 trillion will be sourced through ordinary revenue leaving Kshs124 billion to be sourced through Appropriation-in-Aid which over the years have not been realised ... view
• 9 Jun 2016 in National Assembly: What is the effect of this? The effect is that even the amount we expect to receive through taxation or ordinary revenue of Kshs1.376 trillion is based on a projection of economic growth of 6 per cent. Realising economic growth of 6 per cent in this economy is not realistic. For the past four or five years, we have not met the targets. We have been off the target. We realised that the Government, through the National Treasury has been over-estimating the revenue projections. But this year there are a lot of risks that we are exposed to as a ... view
• 9 Jun 2016 in National Assembly: If, again, we do not meet the target which is Kshs1.37 trillion revenue collection, it means that the option that will be more available to us is borrowing. That borrowing is likely to happen domestically because you require a lot of negations and contract signing for foreign borrowing which may not be possible in the course of the year. If we are going to borrow more, the result would be to crowd out the private sector and that will have the effect of reducing investments in the economy which again will affect employment creation and the effect will be repeated. view
• 9 Jun 2016 in National Assembly: So, how did we find ourselves here? I urge this Parliament that going forward we should be proactive and pragmatic enough to deny the Executive the appetite for borrowing. When the Jubilee Government came into Office - I see the Leader of the Majority Party looking at me - we had a debt level of Kshs1.8 trillion both domestic and foreign debts. As we speak today, we have a debt of Kshs3.3 trillion, an increase of Kshs1.5 trillion in three years. That is not sustainable. In fact, the warning signs have started coming even from unlikely quarters like the IMF ... view
• 9 Jun 2016 in National Assembly: Take the case of loans owed to the Chinese Government. As a country, we need to start asking ourselves fundamental questions. Are we getting a good deal from these negotiations with the Chinese Government? Last year on interest payment alone, we paid the Chinese Government Kshs4.3 billion. This year, the interest payment has shot from Kshs4.3 billion to Kshs16.2 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
• 9 Jun 2016 in National Assembly: billion. In a period of one year, we have increased interest repayment four fold. That is not acceptable because it is not sustainable. In fact, next year, it is projected to be about Kshs19 billion. So, we need to ask ourselves fundamental questions view