Johnson Arthur Sakaja

All parliamentary appearances

Entries 551 to 560 of 5036.

• 19 Oct 2021 in Senate: We passed The Division of Revenue Bill and counties should be receiving a total of Kshs30.8 billion monthly and then development, Kshs25 billion, which is the smallest. If you total that, it is more than Kshs200 billion a month, yet at our best month, we are collecting Kshs150 billion. We are in a hole. Some simple things need to be done. I do not know why we need to work smart. If 64 per cent of revenue is going to pay debt, for every Kshs1,000 collected in this country, Kshs640 goes to collect debt. You wonder why counties have pending ... view
• 19 Oct 2021 in Senate: The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate. view
• 19 Oct 2021 in Senate: Madam Temporary Speaker, there are certain variables we look at in economics. They tell us how we are exposed as a country. First, 65 per cent of our debt is in US Dollars and 20 per cent is in Euros. This means that 85 per cent is based on foreign currencies. We know how volatile they have been, especially with the global oil issues. That means if it changes by just a small percentage, we are really exposed. view
• 19 Oct 2021 in Senate: Madam Temporary Speaker, there are indicators that are very important. Look at the present value of our debt to revenue and grants. Look at the debt service to revenue and grants ratio and the present value of debt to exports ratio because that tells you about how much you have and how much is coming in. view
• 19 Oct 2021 in Senate: We are a country whose biggest foreign income earner is nothing that we are exporting. Our biggest foreign income earner is remittances by Kenyans, who are working in other countries building their economies. Something is wrong. We might look healthy, but something is going wrong inside the economic structure in this country. view
• 19 Oct 2021 in Senate: There is also public and publicly guaranteed debt service to exports ratio. When I was in the Ad hoc Committee on the COVID-19 Situation in Kenya, I said that there is a fallacy. I think that we have seen it when the fuel prices went up recently. I think Sen. Omogeni was a Member of my Committee. When we looked at the economic pillars, one of the issues we looked at was our import cover based on our foreign exchange reserves. We said that there is a fictitious indicator. We thought that had good money, but it was because the ... view
• 19 Oct 2021 in Senate: The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate. view
• 19 Oct 2021 in Senate: people are going hungry and businessmen have no money. There is no explanation on earth why operation and maintenance in Government is Kshs50 billion. It cannot be. This means that Kenyans are just paying people’s salaries to keep the Government running. That must be addressed. I am glad that we looked at the Public Private Partnership Bill, because we can take a lot of projects that are coming off our balance sheet. We must reduce those budgets. Number three, we must limit the proportion of domestic borrowing by the national Government. The reason I keep insisting for us to look ... view
• 19 Oct 2021 in Senate: The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate. view
• 19 Oct 2021 in Senate: after the election with our wheelbarrows realizing that bread is now Kshs7,000, and we only got Kshs6,000. Let us be real with Kenyans. This morning I was on radio. I told Kenyans that between now and August 2022, we will be told many things. Politicians will come with all manner of promises. This is where the future of our country lies. Sen. Mutula Kilonzo Jnr. has said that an asset might go. Let me be the devil’s advocate. I think that an asset could go. That is when we ask for the contract for the Standard Gauge Railway (SGR), we ... view