Jonathan Lelelit Lati

All parliamentary appearances

Entries 401 to 410 of 547.

• 18 Mar 2014 in National Assembly: Hon. Temporary Deputy Speaker, the first one is an obvious economic concept. You know there is the crowding effect that we have currently in our country. We have seen our country getting into syndicated loans and that crowds out the market in terms of the Government competing to borrow with the public and that has pushed our interest rates very high. If we could float something like a sovereign bond, the Government borrowing would move out and the people can borrow more easily. view
• 18 Mar 2014 in National Assembly: Hon. Temporary Deputy Speaker, the other reason that is also really impacting our macro-economic sector is the huge interest rates that the Government is paying. In fact, reports indicate very clearly that one of the interest rates payments would probably be the second biggest Recurrent Expenditure within our Budget. However, if we were to float a sovereign bond which would get the benefit of lower interest rates, that would help us bring that Recurrent Expenditure in terms of interest rates a little lower so that we pay less in terms of Government debts. view
• 18 Mar 2014 in National Assembly: Hon. Temporary Deputy Speaker, there is also another obvious benefit to this opportunity that we have in terms of going out and borrowing through a sovereign bond. You know the sentiment factor benefit is a very important factor for any economy. The reputation that we get by being a country that can float a sovereign bond within a public trading market outside this country is important in terms of the sentiment that is built within those investors who want to put money in our country. We will get reputational benefit and by the way at that point anybody who cares ... view
• 18 Mar 2014 in National Assembly: will see that Kenya is a country that is able to pay and service its debts and is able to play in the league of those nations that are playing in the world market. I think that is something very important in our country. view
• 18 Mar 2014 in National Assembly: Hon. Temporary Deputy Speaker, another thing that this Report highlights very much and I am impressed, is that it puts in very clear perspective the issue of the Equalisation Fund. I have seen very good lawyers in this country. These are people who claim to have gone to law schools saying that the Equalisation Fund is part of the County Fund. This Report puts it clearly as the Constitution does that the Equalisation Fund is actually a national fund and it remains so until some of our Bills go through to take it to another level. view
• 18 Mar 2014 in National Assembly: I am glad that the Rural Electrification Authority (REA) has also been mentioned here because I remember last time somebody misplaced it into the counties and yet it belongs to the national Government and through constituencies that we have across our country. The 1.4 billion youth polytechnics fund is a wonderful thing because I estimate that each county will get about Kshs300 million and to build a good technical institute one will need about Kshs150 million. That means every county will get at least two technical schools. Those are important things. The Kshs.5 million Constituency Economic Stimulus Package is another ... view
• 6 Mar 2014 in National Assembly: Thank you, hon. Temporary Deputy Speaker. I rise to oppose this Bill in its current form. I am doing this with a clear understanding that if we reject this Bill as a House, it will have to go to the Mediation Committee. So, I prefer that we do the necessary amendments to water down this Bill because I think this Bill as it stands today is a big fallacy. If you look at the things that this Bill is trying to bring, one of them is the creation of three boards at the county level. Why would somebody want to ... view
• 6 Mar 2014 in National Assembly: the Roman Senate to the USA Senate and the constitution from which we borrow heavily, there are things that are special about these senates. If we wanted a strong senate we would have gone the USA way. We would have borrowed from the Constitution of the USA and even borrowed from the history of the USA. If you look at the Confederation of States in Philadelphia they establish the senate as the representatives of the State, the same way our Senate is for the counties – it is not for the people. This took time. If you want to make ... view
• 5 Mar 2014 in National Assembly: Hon. Deputy Speaker, before I reply, I have requests from many hon. Members asking me to donate part of my time to them. So, I will donate one minute to each Member randomly, to a maximum of five minutes. view
• 5 Mar 2014 in National Assembly: Hon. Deputy Speaker, I want to start by thanking all the Members of this House for overwhelmingly supporting this Bill. With the bipartisan spirit exhibited in this House during the debate on this Bill, and the trust that I have in the Eleventh Parliament, I am confident that the Bill, if passed, will bring a positive change to people in marginalised parts of this country. Hon. Speaker, what we are doing for the marginalised communities is not unique to Kenya. This is something which has been done in many developed countries, and it still continues to be done even in ... view