Dr. Oburu Odinga

All parliamentary appearances

Entries 1171 to 1180 of 1650.

• 7 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, the Treasury always allows the Minister to spend money and gives authority in anticipation that, that money will be covered in the Supplementary Estimates. In this particular case, we did not vote enough money last year and the Treasury, within its discretion, gave authority to the Committee of Experts (CoE) to incur the debts, of course, knowing that Parliament, having passed the law to carry out that exercise, will definitely vote money to cover what has already been spent. Thank you. view
• 7 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, I want to educate the hon. Member that 50 per cent of what you have approved is 50 per cent of the total allocation of the Budget and, therefore, it does not mean that it is 50 per cent of each item. view
• 7 Jul 2010 in National Assembly: It is not 50 per cent of each item! view
• 7 Jul 2010 in National Assembly: You do not know because I am an expert on that! view
• 7 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, it is 50 per cent of the total allocation of the Budget. How we spend that 50 per cent before we get the other 50 per cent is our business as the Treasury! view
• 7 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, I beg to reply. view
• 7 Jul 2010 in National Assembly: (a)The Government, through the Central Bank of Kenya (CBK), controls the amount of money circulating in the economy. The CBK has issued anti-money laundering guidelines which all commercial banks and non-banking financial institutions are observing. Those guidelines require commercial banks and forex bureaus to report to the CBK all suspicious transactions and activities. Commercial banks are required to view
• 7 Jul 2010 in National Assembly: report on a weekly basis any transactions above US$50,000 and forex bureaus report transactions above US$10,000. However, any amount above US$100,000 has to be reported to the CBK immediately. Commercial banks and forex bureaus have not seen any significant inflows of foreign currency outside the official channels. Further, the CBK has not brought to my attention any potential inflationary risks to the economy which might emanate outside the official channels. (b) I wish to assure this House that Kenya’s inflation rate has been on a downward trend since July 2009. In fact, from January 2010, inflation rate has been well ... view
• 7 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, as I have stated, no serious inflow of cash into the economy has been detected and, therefore, whether it is from pirates or not, if it is there, it is insignificant and, therefore, we have not been able to capture it in our monitoring systems. view
• 7 Jul 2010 in National Assembly: Mr. Deputy Speaker, Sir, the report which was given by the CBK was about monies which they could not detect the sources. But when we look at the indicators which tell us whether there is excess money flowing from outside, what we look at is the rate of the shilling against the dollar, for instance. If that money came in the form of dollars, it cannot be used in Kenya unless it is translated into shillings. It is converted into shillings; what it will mean is that the shilling will strengthen against the dollar. If you have looked at the ... view