John Mbadi Ng'ong'o

All parliamentary appearances

Entries 4341 to 4350 of 7480.

• 25 Mar 2014 in National Assembly: We realized through interrogation of the Budget that this amount could not be spent by the Judiciary. Since we are doing the Supplementary Budget and this is a capital expenditure and the remaining period is short to carry out the procurement process, what else could you do? You would re-allocate the money to other needs. view
• 25 Mar 2014 in National Assembly: Finally, hon. Speaker, I am concerned that if you look at these Supplementary Budget Estimates, you will realize that we are increasing the expenditure by over Kshs.65 billion. My concern is that this country has had a policy on debt management. Our policy has always been that we reduce domestic debt because it has a lot of economic implications. It crowds the private sector. We have also said that if you borrow domestically many times then you increase interest rates in this country. We had planned to borrow Kshs.106 billion from the domestic market but what we have ended up ... view
• 25 Mar 2014 in National Assembly: With this increased expenditure, chances are that we will even borrow more. This is distorting the economy. We need to be careful and the Government needs to be serious and focused in its financial planning. This is because it will hurt us badly. view
• 25 Mar 2014 in National Assembly: Hon. Speaker, I am speaking to the Office of the President. If the President is serious on reducing expenditure and if the President was serious when he proposed that he wanted to cut his salary, why is it that he asked us to approve Kshs.330 million more on foreign travel? What is it for? State House should start by implementing austerity measures before they--- view
• 25 Mar 2014 in National Assembly: On a point of order, hon. Speaker. I am disturbed that my hon. colleague has continued to mislead this House. He has not understood the two columns, the supply and appropriation-in-aid. He is taking it that the appropriation-in-aid column was what was requested. “Supply” means money from Government resources. “Appropriation-in-aid” is money from external sources. So, he cannot know where we have reduced money, because it is not in this Report. I just wanted to inform him because I know MPs have a lot of work and sometimes they come to the House before they have read the Bill properly. view
• 25 Mar 2014 in National Assembly: ( Laughter ) view
• 24 Mar 2014 in National Assembly: Thank you, hon. Speaker. Even though we need to respect other people’s rights, but I have a problem with the statement that the Chair read. She said that there is a regulation and especially touching on uniform. Hon. Speaker, if we allow religious dressings in our schools, then tomorrow other religions can come up with their own. For example, Wakorino will start putting those things on their heads; there is Dini ya Msambwa and so on. Are we not going to cause chaos in schools? Even Reggae followers will actually insist that they be allowed to keep Rasta. So, even ... view
• 24 Mar 2014 in National Assembly: Hon. Speaker, this House will recall that for the first time in the history of this country, we approved that the Government of Kenya can get financing of our Budget from issuance of sovereign bonds. It would be important for this House to note why it is necessary for the Government of Kenya to go that route. First, we need to diversify our sources of funding or borrowing. We need not over concentrate on domestic borrowing. In the past we have had mostly domestic borrowing, external borrowing in Government to Government arrangements, and in certain cases, we have received grants. ... view
• 24 Mar 2014 in National Assembly: Hon. Speaker, I wanted to start by thanking the Government for the first time, because this is something we have spoken to many times. We thought that part of our Budget would be financed in the 2011/2012 Financial Year through issuance of sovereign bonds. Why is the amendment to the PFM Act necessary? view
• 24 Mar 2014 in National Assembly: We realized when passing the Budget that allowing the Government to issue sovereign bonds externally will get us money when individuals and investors with money out there give us loans at concessionary rates. As a country, we do not have a legal framework on how this money will be received in this country. Therefore, what this amendment is seeking to achieve is to provide a legal framework for receipts of money from external Government securities. That is the essence of this amendment. view