19 Mar 2024 in Senate:
Thank you, Mr. Speaker. Sir. I beg to lay the following Paper on the Table of the Senate, today, 19th March, 2024- The County Government's Additional Allocations Cash Disbursement Schedule for the Financial Year 2023/2024. Thank you.
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19 Mar 2024 in Senate:
Thank you, Mr. Speaker, Sir. I beg to give notice of the following Motion- The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate.
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19 Mar 2024 in Senate:
Thank you, Mr. Speaker, Sir. I beg to give notice of the following Motion- The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate.
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19 Mar 2024 in Senate:
THAT AWARE THAT Part 2 of the Fourth Schedule to the Constitution of Kenya obligates County Governments with the responsibility to develop, establish, manage, and maintain sports and cultural facilities which includes stadiums, sports arenas, cultural centres, and other related infrastructure; NOTING THAT the entire Coastal Region of the country lacks a modern stadium built to international standards, thereby depriving the people the benefits that come with stadia and sports facilities; CONCERNED THAT the construction of the Mombasa Municipal Stadium has encountered delays and setbacks since the inception of the project in 2019 due to financial constraints, which has since ...
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19 Mar 2024 in Senate:
THAT AWARE THAT Part 2 of the Fourth Schedule to the Constitution of Kenya obligates County Governments with the responsibility to develop, establish, manage, and maintain sports and cultural facilities which includes stadiums, sports arenas, cultural centres, and other related infrastructure; NOTING THAT the entire Coastal Region of the country lacks a modern stadium built to international standards, thereby depriving the people the benefits that come with stadia and sports facilities; CONCERNED THAT the construction of the Mombasa Municipal Stadium has encountered delays and setbacks since the inception of the project in 2019 due to financial constraints, which has since ...
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19 Mar 2024 in Senate:
Thank you, Madam Temporary Speaker. I also want to support the Statement by Sen. Olekina on the budget making and utilisation in several counties, including my own county of Mombasa. It is true that the performance of Mombasa County in terms of Budget implementation has not been up to standard in the current administration. For instance, in the Financial Year 2022/2023, we failed to meet our target on Own Source Revenue (OSR) by about Kshs1.2 billion. This will have a bearing on the projects that the Government had put in place to implement in the Financial Year 2022/2023. Two, there ...
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19 Mar 2024 in Senate:
Thank you, Madam Temporary Speaker. I also want to support the Statement by Sen. Olekina on the budget making and utilisation in several counties, including my own county of Mombasa. It is true that the performance of Mombasa County in terms of Budget implementation has not been up to standard in the current administration. For instance, in the Financial Year 2022/2023, we failed to meet our target on Own Source Revenue (OSR) by about Kshs1.2 billion. This will have a bearing on the projects that the Government had put in place to implement in the Financial Year 2022/2023. Two, there ...
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19 Mar 2024 in Senate:
Madam Temporary Speaker, I beg to move that, the Senate- Adopts the Report of the Standing Committee on Finance and Budget on the 2024 Medium Term Debt Management Strategy, laid on the Table of the Senate on Thursday, 7th March, 2024. The 2024 Medium Term Debt Management Strategy (MTDS) was submitted to Parliament by the National Treasury and Economic Planning on 15th February, 2024 pursuant to Section 33 of the Public Finance Management (PFM) Act, Cap 412A. The Act provides that: “On or before the 15th February in each year, the Cabinet Secretary shall submit to Parliament a statement setting ...
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19 Mar 2024 in Senate:
Madam Temporary Speaker, I beg to move that, the Senate- Adopts the Report of the Standing Committee on Finance and Budget on the 2024 Medium Term Debt Management Strategy, laid on the Table of the Senate on Thursday, 7th March, 2024. The 2024 Medium Term Debt Management Strategy (MTDS) was submitted to Parliament by the National Treasury and Economic Planning on 15th February, 2024 pursuant to Section 33 of the Public Finance Management (PFM) Act, Cap 412A. The Act provides that: “On or before the 15th February in each year, the Cabinet Secretary shall submit to Parliament a statement setting ...
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19 Mar 2024 in Senate:
The National Treasury committed to bringing down the Present Value (PV) of debt as a percentage of GDP from 67.2 - 55 percent over a period of five years in accordance with the requirements of Section 50 of the PFM Act. The foreign public debt is composed of multilateral, bilateral and commercial creditors categorised as follows: - a) Kshs3.118 trillion as multilateral debts, accounting for 50 percent of total external debt; b) Kshs1.399 trillion bilateral debts at 23 percent; and, c) Kshs1.671 trillion commercial debts at 27 percent of which Eurobonds account for Kshs.1.141 trillion or 18 percent. Domestic debt ...
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