Eng Mohammed Maalim Mahamud

All parliamentary appearances

Entries 251 to 260 of 2205.

• 27 Feb 2020 in Senate: Mr. Speaker, Sir, I beg to give notice of the following Motion- THAT, pursuant to Section 25 (7) of the Public Finance Management Act and Standing Order 180 (7) of the Senate, this House adopts the Report of the Standing Committee on Finance and Budget on the 2020 Budget Policy Statement and Medium Term Debt Management Strategy, laid on the Table of the Senate on Thursday, 27th February, 2020. view
• 27 Feb 2020 in Senate: Madam Temporary Speaker, I beg to move the following Motion- THAT, pursuant to Section 25 (7) of the Public Finance Management Act and Standing Order 180 (7) of the Senate, this House adopts the Report of the Standing Committee on Finance and Budget on the 2020 Budget Policy Statement (BPS) and Medium Term Debt Management Strategy, laid on the Table of the Senate on Thursday, 27th February, 2020. view
• 27 Feb 2020 in Senate: Madam Temporary Speaker, pursuant to Section 25 (2) of the Public Finance Management Act, 2012, the National Treasury submitted the 2019 BPS. Further, pursuant to Section 25 (7) of Public Finance Management Act, 2012 and Standing Order No.180 of the Senate Standing Orders, the BPS was committed to the Standing Committee on Finance and Budget for consideration and recommendation. view
• 27 Feb 2020 in Senate: The Committee has considered the BPS within the guidelines given and the broad issues in the BPS, 2020, can be categorized as follows: (i) the national policies and programmes that have a direct impact on the economic performance of the countries and counties; and, (ii) proposals on The Division of Revenue Bill between the two levels of Government and among counties as shown in the County Allocation of Revenue draft Bill for Financial Year 2020/2021. view
• 27 Feb 2020 in Senate: Madam Temporary Speaker, the BPS, 2020, focuses on the Big Four Agenda, which focuses on job creation and economic prosperity. view
• 27 Feb 2020 in Senate: Below are a few highlights of the BPS, 2020, and I will be very brief: view
• 27 Feb 2020 in Senate: The National Treasury projects the total revenue collection for the Financial Year 2020/2021, including Appropriation-In-Aid (A.I.A) to be Kshs2,134,100,000,000, which is 18.3 percent of Gross Domestic Product (GDP), as compared to Kshs2,084,200,000,000 that is 20 percent of GDP in Financial Year 2019/2020. Ordinary revenue in the next financial year is projected at Kshs1, 856,700,000, which is 16 percent of GDP. 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
• 27 Feb 2020 in Senate: Madam Temporary Speaker, the National Treasury projects the total shareable revenue for the Financial Year 2020/2021 to be Kshs1,856,700,000,000, which is an increase by Kshs89.8 billion from the Financial Year 2019/2020 total shareable revenue of Kshs1,766,900,000. view
• 27 Feb 2020 in Senate: The National Treasury further proposes that additional Kshs89.8 billion from that financial year will be directed towards Consolidated Fund Services (CFS), specifically on non-discretionary expenditures, that is, pension and debt repayment-principal and interest, which take first charge on the public budget. So, ideally, the increase in the revenues by about Kshs90 billion will be directed to the CFS and there will be no increase in expenditure to any level of Government according to the National Treasury. Madam Temporary Speaker, according to the National Treasury and the BPS Report, Kenya experienced slow economic growth in 2019. The economy grew by 5.6 ... view
• 27 Feb 2020 in Senate: There is need for an efficient revenue collection system, to ensure that there is no revenue leakage. The Budget Policy Statement came with three other documents; the Medium Term Debt Management Strategy, draft Division of Revenue Bill and The County Allocation Revenue Bill. Section 64 (2) of the Public Finance Management (PFM) Act, 2012 and Section 33 of the National Government Regulations, paragraphs 184 and 185, require the National Treasury to annually submit a Medium Term Debt Management Strategy to Parliament for consideration and approval. The Cabinet Secretary is required to provide the following information:- (1) the total stock of ... view