Dr. Oburu Odinga

All parliamentary appearances

Entries 1211 to 1220 of 1641.

• 9 Jun 2010 in National Assembly: Yes! view
• 14 Apr 2010 in National Assembly: Mr. Deputy Speaker, Sir, we shall give a Statement on this matter on Thursday next week. view
• 6 Apr 2010 in National Assembly: Mr. Deputy Speaker, Sir, I beg to reply. (a) The Government will raise money for emergencies through rationalization of budgets of various Ministries, implementation of expenditure cuts across the board, including reducing funding to projects whose absorption capacity is low and increase domestic borrowing. (b) The Treasury does not directly own shares in the Consolidated Bank of Kenya, but owns 50.2 per cent through the Deposit Protection Fund, this being Treasury’s contribution that went into establishing the bank. There is no definite percentage of the Treasury shareholding in the bank that has been earmarked for sale in the 2009/2010 Financial ... view
• 6 Apr 2010 in National Assembly: Mr. Deputy Speaker, Sir, the Treasury invests directly in parastatal- owned companies and these are investments which are made through subsidiaries or through other funds. As I have explained, the Treasury, therefore, does not directly own those shares, but through the Deposit Protection Fund. view
• 6 Apr 2010 in National Assembly: Mr. Deputy Speaker, Sir, the Government is divesting. This is a policy of the Government for very many years. When shares of the Government in a given parastatal are sold, they are not necessarily meant to support the deficit in the Budget. Some time we use the funds to reduce our domestic borrowing which has a very heavy charge on our funds. It is very expensive money. view
• 6 Apr 2010 in National Assembly: Mr. Deputy Speaker, Sir, the privatization programme, before it is brought to Parliament, must be approved by the Government internally. Already, there are quite a number of them lined up. Once the Cabinet confirms them, they will be promptly presented to the Committee on Finance, Planning and Trade as required by law. view
• 6 Apr 2010 in National Assembly: Mr. Deputy Speaker, Sir, what I know is that we, as a Ministry, have prepared a Privatization Programme and a Cabinet Paper which we have presented. However, I am not aware of the statements by those Ministers. view
• 6 Apr 2010 in National Assembly: Mr. Deputy Speaker, Sir, in fact, in future, we do not intend to include the sale of parastatals or privatization to bridge the gap in the Budget. This is view
• 6 Apr 2010 in National Assembly: Mr. Deputy Speaker, Sir, we fully believe in the budget that we present to Parliament, but there are many factors that affect the non-implementation of projects, including very long procurement procedures, some of them involving even litigation which then delay the implementation of these projects. We reallocate funds because of unforeseen circumstances and the other reasons are the emergencies. For instance, we have to divert money to deal with emergencies such as floods which have now destroyed a lot of infrastructure. We have to find ways of cutting on some of our current expenditures, not necessarily projects, but we have ... view
• 6 Apr 2010 in National Assembly: Mr. Deputy Speaker, Sir, the Question he asked was about adjustment. He asked why we adjust budgets on projects which wananchi are expecting and, therefore, we might not believe in our budget. That is the Question he asked and that is the Question I answered. view