Jonathan Lelelit Lati

All parliamentary appearances

Entries 391 to 400 of 547.

• 19 Mar 2014 in National Assembly: Hon. Temporary Deputy Speaker, as I said, I support this Bill because I know it will help lower the cost of specific items. However, there are issues which we must look at when we think of VAT. If we were in the 1990s when Treasury was setting interest 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
• 19 Mar 2014 in National Assembly: rates and prices, it would be very easy to transfer a tax incentive to customers. However, in a liberalised economy that we have today where the Treasury does not control prices, it is very hard to see whether the benefits advocated by my good friend, hon. Mbadi, can be transferred to consumers; that is where we want the benefits to be. view
• 19 Mar 2014 in National Assembly: Hon. Temporary Deputy Speaker, I said Mbadi is one of the very nationalistic people in this House, I was surprised to see that the first item he proposed to reduce tax on is fishing nets. I know his people need to fish. However, in places like Samburu we have no fishing nets. So, next time he will, probably, hide his emotions in representation of his people. However, I think it is very good that we help the people in Homa Bay and in parts that practise fishing because maybe someday we will have fish in Samburu. However, there are some ... view
• 19 Mar 2014 in National Assembly: Hon. Temporary Deputy Speaker, if you look at the mosquito nets, some of our people in far-flung areas of our country are still in big trouble with mosquitoes at night and many of our people die of malaria. If I was the one with the power here, I would say that things like mosquito nets should be provided for free by the Government as a way to help our people. But I think this is a very good step by hon. Ng’ongo to try and zero-rate mosquito nets. view
• 18 Mar 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker. I want to add my voice in support of this Motion. This is a very important Report for our country because it sets broader objectives, policy goals and strategic priorities for our budget and for general macro-economic framework. I think it is very important that we have this policy statement because it helps us understand how we are heading, both in our budget level and in the medium term. view
• 18 Mar 2014 in National Assembly: Hon. Temporary Deputy Speaker, if you look at this Report, there are obviously both weaknesses and strengths within our macro-economic sector; if you look at our economy today, which is a very important thing in contribution of our budget. If you look at the general economic growth framework, we are doing not so badly but not so well. This is because we are growing at the level of some other sub-Saharan African countries. If you look at our ranking in the world today, we are ranking number 82 in terms of economic growth. This is where we really need to ... view
• 18 Mar 2014 in National Assembly: have a disabled county. So, those things of affirmative action cannot be carried on into states. view
• 18 Mar 2014 in National Assembly: Hon. Temporary Deputy Speaker, there are obvious strengths also within our economy. If you look at the CBR which is an equivalent of the Federal Funding Streams and this is the overnight borrowing by banks, it is coming down. At the moment, the Central Bank of Kenya (CBK) is charging less money on interbank overnight banking that builds into the rate at which our people borrow and I think it is a very important rate. In fact, in America it is the most important rate in all of its economy because once banks can borrow easily at lower rates, then ... view
• 18 Mar 2014 in National Assembly: This is because if you look at our export import parity, it is at negative 19. The only way we can build on to that is if we can have a lower borrowing rate so that our people can invest and the investment will build into our economy. That way, we will substitute for the negative in the export import parity. view
• 18 Mar 2014 in National Assembly: The other thing that I looked at in this Report that brings in a very positive way is that there is decreasing interest rate parity also in terms of deposits and lending and I think that is also good for our economy. However, I think the most important thing that we need to look at, and I am glad this Committee mentioned it, are the opportunities that we have as a country. One of the opportunities that is glaring at us and has gone through this House is the sovereign borrowing for our nation. If you look today, we have ... view