29 May 2024 in Senate:
The Senate Majority Leader kindly move the Bill.
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29 May 2024 in Senate:
Sen. Cheptumo, you will have an opportunity to debate this Bill. Is it a point of information? Do you want to be informed Sen. Cheruiyot?
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29 May 2024 in Senate:
Okay proceed, Sen. Cheptumo.
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29 May 2024 in Senate:
Okay. Proceed, Sen. Cheruiyot.
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29 May 2024 in Senate:
Thank you, Mr. Speaker, Sir. I beg to Move the following Motion- THAT, the Senate adopts the Report of the Mediation Committee on the Division of Revenue Bill (National Assembly Bills No.14 of 2024), laid on the table of the Senate on Wednesday, 29th May, 2024, and that pursuant to Article 113(2) of the Constitution and Standing Order No.167(3) of the Senate, approves the mediated version of the Bill. Mr. Speaker, Sir, Article 218(1) provides that at least two months before the end of each financial year, there shall be introduced in Parliament a Division of Revenue Bill, which shall ...
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29 May 2024 in Senate:
Pursuant to this constitutional provision, the Division of Revenue Bill, 2024 (National Assembly Bills No.14 of 2024) was published vide a Kenya Gazette Supplement No.57 of 8th March, 2024. This Bill was introduced in the National Assembly, debated and passed without amendments. Consequently, in accordance with Article 110(4) of the Constitution, the Bill was referred to the Senate for consideration. The Bill provided for the projected sharable revenue for FY 2024/25 at Kshs2.948 trillion. This revenue was proposed to be shared as follows; National Government Kshs2.540 trillion, county governments, Kshs391.116 billion; and, Equalization Fund, Kshs7.852 billion. Mr. Speaker, Sir, the ...
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29 May 2024 in Senate:
increasing exponentially the figures from Kshs391 billion. This shows that both sides of the Committee were respecting devolution. Mr. Speaker, Sir, considering all the counter offers made in the negotiation, and the strict fiscal consolidation path the Government had committed to, the Mediation Committee resolved that the allocation for Financial Year 2024/ 2025 to both levels of government be as follows – (a) the National Government Equitable share, Kshs2,540,153,902,710; and, (b) the County Governments Equitable share, Kshs400,116,788,147.
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29 May 2024 in Senate:
I am surprised the Senators are unhappy that we have hit the Kshs400 billion mark this Financial Year.
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29 May 2024 in Senate:
Mr. Speaker, Sir, the mediated version of the Bill is attached to the Report of the Committee indicating the allocations as per the aforementioned recommendation. Mr. Speaker, Sir, I appeal to all the Senators of this distinguished House, to support the recommendation of the Committee. This will ensure that the county governments get an additional Kshs9 billion from what the National Assembly had earlier proposed in the Bill at Kshs391.1 billion. We agreed that moving forward, in the next three years, we are going to the Kshs500 billion mark. We agreed with the National Assembly Committee that there is so ...
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29 May 2024 in Senate:
Sen. Madzayo, the Senate Minority Leader, proceed to second the Motion.
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