John Sakwa Bunyasi

All parliamentary appearances

Entries 181 to 190 of 1058.

• 28 Nov 2019 in National Assembly: Hon. Speaker, this year we have heard from public pronouncements that it is a year which we must face austerity measures. This means you do not have money to spend on what you normally spend on and you are asked to cut back. This Budget process both the initial one and particularly the supplementary one gives you a pointer because it is now specifying specific things and not the complex budget as we dealt with, which does not show that we are in the year of austerity. I have not seen the austerity measures in the austerity budget. In fact ... view
• 28 Nov 2019 in National Assembly: The next result, therefore, is that we do not have an austerity budget. If we had a deficit funded budget, it would not be as if we had our resources in overseas instruments where we invested. We will call on our resources so that we can expand our budget and do what we want to do. view
• 28 Nov 2019 in National Assembly: We do not have that option. This will be a deficit financed growth in the size of the budget. When that happened, the impact on the population had consequences. Let me mention two things which are alive. Recently, we removed the cap on funds borrowed in the domestic market. What will happen is this. When we have the deficit the Government must rollover the domestic debt they have got which is about Kshs 1.3 Trillion. If they are going to roll it over; it would mean you borrow it again that year. Now you will not borrow it at the ... view
• 28 Nov 2019 in National Assembly: If you will rollover at a higher cost to the Government the private borrowers are going to be paying rates that are even higher than they had before. When you do that, you kill our Small Micro-Enterprises (SMEs) and our start-up businesses. We depress the income of households; anybody who borrows will be paying a lot more. That is happening because there is budget for which we celebrated by it sheer size and is putting pressure on people instead of facilitating growth. This is not the right time to let go the controls that were there. However, be it as ... view
• 28 Nov 2019 in National Assembly: Hon. Speaker, the Parliament looks at the Budget Policy Statement (BPS) and agrees on where priorities will be as happened in the previous financial year. The conformity to that BPS tracking the subsequent steps to ensure that they are consistent gets lost along the way. We have very competent office, they actually produce the numbers. However, it looks like the National Treasury works in a completely different dynamic. That dynamic is not what they say is in the BPS, it is something else. Our Treasury which is manned by persons, who are very well schooled and exposed, cannot be doing ... view
• 28 Nov 2019 in National Assembly: As I conclude, let us help this nation by having budgets that are consistent with the biggest buck we can get with our shilling. Let us not seek to maximise allocations on 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
• 28 Nov 2019 in National Assembly: programmes that are not going to have a big pay off. I am disappointed in that respect and I am hoping that in the remaining steps in the Supplementary Budget Estimates, if it comes… view
• 27 Nov 2019 in National Assembly: It is just pre-emptive preparation. view
• 27 Nov 2019 in National Assembly: Thank you, Hon. Temporary Deputy Speaker. I have very little to say on this. view
• 27 Nov 2019 in National Assembly: First, I support the intended extension of time. This will help in getting documentation properly done. It is repetitive since I do not know if this has been requested before. However, we 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