Ledama Olekina

All parliamentary appearances

Entries 391 to 400 of 4088.

• 19 Mar 2024 in Senate: The only way that we can complement our oversight fund is by understanding this expenditure; you have requisitioned to pay the following developers, the following people who have supplied you - Why have you not paid them? Why have you deviated money to someone else? That is when we will cure this cancer of pending bills. As I stand here today, I know of members of families who have committed suicide. I will bring a Motion to this House, and I hope all of you will support it, to compel counties to pay all their pending bills before the end ... view
• 19 Mar 2024 in Senate: Thank you, Mr. Temporary Speaker, Sir. I will take very few minutes to try and demystify this Medium-Term Debt Management Strategy. I begin by thanking the Committee on Finance and Budget for doing a fantastic job. They have always been diligent in terms of trying to make sense of all these things. I think it behooves us as a House to try and use very simple terms for Kenyans out there to understand what exactly we are talking about. When you talk about Medium Term Debt Management Strategy, it is important for us to understand the consequences of it not ... view
• 19 Mar 2024 in Senate: Thank you, Mr. Temporary Speaker, Sir. I will take very few minutes to try and demystify this Medium-Term Debt Management Strategy. I begin by thanking the Committee on Finance and Budget for doing a fantastic job. They have always been diligent in terms of trying to make sense of all these things. I think it behooves us as a House to try and use very simple terms for Kenyans out there to understand what exactly we are talking about. When you talk about Medium Term Debt Management Strategy, it is important for us to understand the consequences of it not ... view
• 19 Mar 2024 in Senate: deficit, some local financial institutions hike their interest rates. Currently, local farmers and businessmen are borrowing money at rates of about 20 per cent and above. We, therefore, need to be very clear on how to better manage our finances as a country. The first thing that we need to ask is what the deficit is. I see that the Committee on Finance and Budget has indicated the deficit to be about Kshs739 billion. They have said that the Government will borrow 55 per cent of this internationally and 45 per cent of this locally. Mr. Temporary Speaker, Sir, we ... view
• 19 Mar 2024 in Senate: deficit, some local financial institutions hike their interest rates. Currently, local farmers and businessmen are borrowing money at rates of about 20 per cent and above. We, therefore, need to be very clear on how to better manage our finances as a country. The first thing that we need to ask is what the deficit is. I see that the Committee on Finance and Budget has indicated the deficit to be about Kshs739 billion. They have said that the Government will borrow 55 per cent of this internationally and 45 per cent of this locally. Mr. Temporary Speaker, Sir, we ... view
• 19 Mar 2024 in Senate: adopting in terms of going for the Kyoto funds which guarantee grace period of about 12 years’ interest-free. Why not become creative and go for those funds? Borrow the funds, which we do not have to pay so much. In fact, I do not see the logic, but maybe my good friend Sen. Eddie will be able to explain why we are borrowing 45 per cent locally. We should try to borrow the least locally and borrow outside. We need to be very clear on our financial goals. You give credit where it is due. On what the Government does ... view
• 19 Mar 2024 in Senate: adopting in terms of going for the Kyoto funds which guarantee grace period of about 12 years’ interest-free. Why not become creative and go for those funds? Borrow the funds, which we do not have to pay so much. In fact, I do not see the logic, but maybe my good friend Sen. Eddie will be able to explain why we are borrowing 45 per cent locally. We should try to borrow the least locally and borrow outside. We need to be very clear on our financial goals. You give credit where it is due. On what the Government does ... view
• 19 Mar 2024 in Senate: The other point I made, which I want to reiterate, is the issue of cutting down unnecessary spending. This should not only be pegged on the national, but also county governments. All Senators here will tell you that there is a lot of unnecessary spending in county governments. In a month, my governor spends around Kshs16.2 million on helicopter. However, when you go to hospitals, there are no drugs. You ask yourself the logic in that. How do you go spending Kshs16 million? These are facts. The problem with facts is that they are stubborn. Senate Majority Leader, that guy ... view
• 19 Mar 2024 in Senate: The other point I made, which I want to reiterate, is the issue of cutting down unnecessary spending. This should not only be pegged on the national, but also county governments. All Senators here will tell you that there is a lot of unnecessary spending in county governments. In a month, my governor spends around Kshs16.2 million on helicopter. However, when you go to hospitals, there are no drugs. You ask yourself the logic in that. How do you go spending Kshs16 million? These are facts. The problem with facts is that they are stubborn. Senate Majority Leader, that guy ... view
• 19 Mar 2024 in Senate: I want to reiterate that monitoring of borrowing is important. Even though right now we have managed to reduce it to 67 per cent of the GDP. Our GDP is a moving target; therefore, it can go up to 80 per cent. If that is the case, we will be in serious debt. It is imperative that we try to create a good environment for doing business. I will be happy if county governments pay their debts when they are due. Right now, we are talking about a deficit of about Kshs739 billion. If you look at county governments combined, ... view