5 Nov 2019 in Senate:
(c) State why Harambee Stars and Harambee Starlets’ several requests for funding have not been honoured by the Sports Fund, and the reasons for the said denials; (d) Explain why the Kenya Rugby Union (KRU) was auctioned for a debt of Kshs10 million on 31st October, 2019, and yet a sum of Kshs94 Million was approved by the Board for the Union; (e) State why the Under 20 Championship has received an approval for expenditure of more than Kshs1.3 million, yet the games are more than nine months away; (f) Explain why the Sports Fund approved the release of nearly ...
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5 Nov 2019 in Senate:
Mr. Speaker, Sir, although I agree with Sen. Sakaja that he needs 14 days, unfortunately, the Harambee Starlets - that team that we are so proud of - are stuck. Therefore, I would possibly need an undertaking from the Chair that as we await the 14 days for the thorough investigation and interrogation of the matter in detail, at the very least, the Harambee Starlets must be funded to face their international events this week and next week. Thank you.
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5 Nov 2019 in Senate:
Thank you, Mr. Speaker, Sir. I was co-chairing this Committee when Sen. Mahamud was unwell. Together with the other Members, I disagree with the Majority Leader’s opinion that we should pass these regulations in the manner that they have been presented to us. Mr. Speaker, Sir, you have the opinion of the Minority in the report. That opinion speaks to what some of us who have sat in the Committee of Finance and Budget since 2013 have found to be the best way to deal with public debt. Mr. Speaker, Sir, perhaps, I want to bring to the attention of ...
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5 Nov 2019 in Senate:
In 2015, after they sought that amendment which was approved by the National Assembly without the recourse of the Senate, they made yet another amendment. I am telling you this so that you understand why this has come to us. They then moved an amendment to the PFM Act to remove the numerical ceiling of Kshs2.5 trillion to 50 per cent of Gross Domestic Product (GDP) on what they call “Net Present Value Terms.” That is where the theatre of the absurd started, because they borrowed, borrowed, borrowed, and they still want to borrow more. Mr. Speaker, Sir, how did ...
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5 Nov 2019 in Senate:
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.
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5 Nov 2019 in Senate:
Dear Senators, this matter is here because Mr. Kihara Kariuki followed the law. That is because in 2014, the law was not followed. The National Assembly, in amendment of these regulations, have passed it without a comma. The majority opinion of the Senators is suggesting that we pass these regulations without a comma, full-stop, and without saying anything. We should just say ‘yes.’ Therefore, what was the purpose of these regulations coming here? No purpose! In an English parable, they say, “When you find yourself in a hole, you stop digging.” Part of the schedule provided to us--- I want ...
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5 Nov 2019 in Senate:
Where is the evidence that you want to restructure commercial loans that are now at 35 per cent? We have had more than 14 Cabinet Ministers for Finance since Independence. There must be a reason as to why we need to borrow another Kshs3 trillion on top of Kshs6.1 trillion. Members of the Senate, what is your GDP today? Your GDP is at Kshs9.8 trillion, and we now we want to extend the ceiling to Kshs9 trillion.
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5 Nov 2019 in Senate:
What sort of a country does that? Mr. Speaker, Sir, the question that we have addressed here, of how much is the budget gap; my dear colleagues, the budget gap for this financial year is Kshs635 billion. The budget gap for the next financial year, according to the Parliamentary Budget Office (PBO), is Kshs584.6 billion; and for the following year, it is Kshs586.8 billion, making a total of Kshs1.2 trillion. I want you to read the report of the PBO that they also presented to the National Assembly, suggesting that the debt ceiling should be at a maximum of Kshs7.5 ...
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5 Nov 2019 in Senate:
The country is looking up to you. In fact, in a recent article, although we do not quote newspapers, “Mbadi says that Parliament to blame for debt burden.” That we have given the national Treasury so much leeway to borrow without imposing conditions.
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5 Nov 2019 in Senate:
This is the time to impose conditions so that by the time you borrow another extra shilling form the Chinese, we interrogate, as Parliament and particularly the Senate. This issue reminds me of when Sen. Orengo was lecturing Sen. Murkomen and former Sen. Sang during the Election Laws (Amendment) Bill.
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