Rev. Mutava Musyimi

All parliamentary appearances

Entries 801 to 810 of 1501.

• 13 Mar 2014 in National Assembly: The BPS achieved a compliance rate of 75.7 per cent. In other words, most of the information required was availed. However, the BPS did not show programmes outputs and key targets, a matter raised by my friend, hon. Ababu Namwamba. Lack of this information hinders the Budget and Appropriations Committee as well as the Departmental Committees from making informed choices and decisions. Even though the National Treasury conformed to the legal requirement on the deadline for submission of the BPS, the Constitution and the PFM envisaged that the Legislature, as a Budget making institution should be given ample time to ... view
• 13 Mar 2014 in National Assembly: In matter of fact, in the next few days, we, as a Committee, will be proposing amendments to the PFM law geared towards giving the National Assembly sufficient time to engage on the BPS. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 13 Mar 2014 in National Assembly: Several new programmes have been introduced and there is no reason or explanation as to what outputs were realized from the programmes in the previous year. Let me now say one or two words about the recent economic developments and policy outlook and also Budget framework. view
• 13 Mar 2014 in National Assembly: The 2014 Medium-Term Budget Policy Statement has been prepared at a time when there is a slight upward trend in global economic outlook. Indeed, the IMF projects that the global economy will grow by 3.6 per cent compared to an estimated growth of 2.9 per cent in 2013. On the other hand, the Sub-saharan Africa is expected to grow by 5 per cent in 2014. Closer home, the East African economies are expected to grow at around 6 per cent. The Treasury focused that the Kenyan economy will grow by 5.2 per cent, 5.8, 6.4 and 6.8 per cent in ... view
• 13 Mar 2014 in National Assembly: (ii) With regard to security, we continue to face significant terror threats in various parts of our country. These security concerns may have an adverse impact on the country investment climate. view
• 13 Mar 2014 in National Assembly: (iii) With regard to expenditure pressures and misalignment of expenditure, our nation faces the twin problem of rising expenditure pressure at the national and county levels of government and misalignment of resources through duplication of roles and expenditure. At the national level, rising expenditure is driven by massive infrastructure spending and the public wage bill. At the county level, high wage bill together with low The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 13 Mar 2014 in National Assembly: absorption and misalignment of the budget by the counties presents significant fiscal challenges. view
• 13 Mar 2014 in National Assembly: (iv) With regard to the weak global economic outlook, despite projections of improvement in the global economic outlook, the situation is not particularly rosy and downside risks still persist, which may curtail the projected growth, particularly in the Euro area. Constrained growth in Europe would impact negatively on our country in terms of decreasing external demand for Kenya’s exports, particularly horticulture and decreased foreign direct investment. This may also adversely affect tourism. view
• 13 Mar 2014 in National Assembly: (v) While the discovery of mineral deposits portends significant benefits to our economy, there are risks accruing from the robust extractive industry such as negative environmental impact, macroeconomic imbalances as well as conflict among communities, the government and mining investors. As we all know, unfortunately, the threat of massive corruption becomes and remains a real possibility in the extractive sector. Hon. Temporary Deputy Speaker, with regard to inflation, according to the Budget Policy Statement, inflation is expected to stabilize at the medium term target of around 5 per cent. My Committee is concerned that inflation is likely to trend upwards ... view
• 13 Mar 2014 in National Assembly: Facility programme and the Central Bank activity in the foreign exchange market. However, the risks to the exchange rate include oil price volatility as well as increased importation of goods. The BPS envisages high import demands for capital goods; and therefore care ought to be taken to ensure that the official foreign exchange reserve position is maintained above the statutory four months level in order to cushion the country against exchange rate volatility. Hon. Temporary Deputy Speaker, my Committee notes that the end of the three year arrangement of IMF support under the Extended Credit Facility implies that the country ... view