All parliamentary appearances
Entries 631 to 640 of 7480.
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9 Jun 2021 in National Assembly:
have a right to own shops where they are, whether it is in Homa Bay or in Migori. Let these two communities stay in peace. I do not expect, and I do not want any other meeting in that place because these meetings are what causes problems. When you hold meetings, you sensitise people and they start imagining that there are problems. As leaders, I am not just the Member for Suba South, but I am also the Chairman of ODM, and the entire Nyatike is over 99 per cent ODM. So I am their chairperson. There is no way ...
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9 Jun 2021 in National Assembly:
Thank you, Hon. Speaker. You called out the Leader of the Minority Party and then I saw the Leader of the Majority Party having the microphone. Thank you for giving me this opportunity to contribute to this Motion on Consideration of the Budget Estimates for the Financial Year 2021/2022.
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9 Jun 2021 in National Assembly:
First, I want to start by thanking my Committee, the Budget and Appropriations Committee, for working diligently and hard from Wednesday last week to yesterday. Sometimes they sat up to midnight to ensure that this House has a Report to deal with. You realise that the Executive has seven months to prepare Budget Estimates. The Budget and Appropriations Committee hardly has more than 21 days to deal with it or consider it and make a detailed report. The competent staff whom we have in the Parliamentary Budget Office helped us to deal with these numbers and submit the Report to ...
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9 Jun 2021 in National Assembly:
I have looked at the Budget Estimates, both revenue and expenditure, for the Financial Year 2021/2022. I want to highlight the following: We are aware that we come from the backdrop of a world economy that is shrinking. It has challenges basically because of the COVID-19 Pandemic. In the Financial Year 2020/2021, the world economy contracted at the rate of 3.3 per cent. That was almost going to recession. It is now projected to grow at 6 per cent. Fortunately, Kenya’s economy did not contract. It grew at a very low rate of 0.6 per cent. There are Government projects ...
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9 Jun 2021 in National Assembly:
One thing that I want to point out as positive from this Budget is the fact that for the first time, there is nexus between the Budget Policy Statement (BPS) and the Budget Estimates. Previously, we had cases where the difference between the Budget Estimates and BPS is as clear as day and night. For the first time, the ceilings from BPS to the Budget Estimates have been respected which is commendable. However, it is also because the International Monetary Fund (IMF) is in town. If IMF was not in town, I would wonder whether this discipline we have seen ...
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9 Jun 2021 in National Assembly:
Hon. Speaker, something else I would also want to point out in the Budget Estimates of the Financial Year 2021/2022, which is different from what we have been having previously, is that the projected revenue growth is modest. Previously, the National Treasury used to come up with overambitious Budget Estimates. For the first time, the Budget Estimates look realistic. The revenue estimate of Kshs2,039,000,000,000 is modest. The ordinary revenue is expected to move from the current Kshs1,594,000,000,000 to Kshs1,776,000,000,000. That is not overambitious. I say that because in the 2018/2019 Financial Year, we managed to collect Kshs1,704,000,000,000 and in 2019/2020 ...
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9 Jun 2021 in National Assembly:
projecting a collection of Kshs1,776,000,000,000 in the next financial year is not being overambitious. However, I still want to repeat that we are in what I have been terming as hakuna pesa economy. There is still a challenge as to whether we are able to finance our Budget. We are not able because the amount of money that we pay debtors is Kshs1.2 trillion against a possible revenue collection of Kshs2 trillion. If we spend Ksh1.2 trillion on debt repayment alone and interests, that is a sad state. Besides that, the Recurrent Expenditure is of an equal amount: Ksh1.2 trillion. ...
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9 Jun 2021 in National Assembly:
What are some of the reasons as to why we have ended up where we are, and why are we now saying that we are in hakuna pesa economy? One of them is what we have talked about here severally and I want to repeat it. I know Members have talked about it. When we ask Kenyans to provide goods and services to the Government, we must be prepared to pay them. We should not order for goods and services and sign contracts when we do not have the financial power and capability to pay hence ending up with pending ...
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9 Jun 2021 in National Assembly:
Secondly, of course, it has been talked about: the debt levels. This must be managed. Between 2013 and 2019, we went into a borrowing spree as a country and borrowed expensive loans. Right now, we are borrowing loans, some of which are at zero interest and with very generous repayment periods. From 2013 to 2019, we were careless as a country. We did not care where we were borrowing from. We went out there to borrow the Euro Bond at 8 per cent. We came back with that money and some of it was stolen while some of it was ...
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9 Jun 2021 in National Assembly:
The other reason is the issue of stalled projects. Across the country, we have stalled projects. They have been totaled up. The amount of money that has been invested in all the stalled projects in the country amounts to Kshs9 trillion. That is close to the GDP of this country. The GDP of this country is now at Ksh11 trillion. About Kshs9 trillion of our money has been put in projects that do not add value to the economy. The projects have been started. Some are 40, 60 or 70 per cent complete. We still start initiating new projects, yet ...
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