21 Mar 2024 in Senate:
Responsibility 23A. A person who is guilty of an offence for penalty. under this Act shall be personally liable for any fine imposed and public funds shall not be used to pay such a fine.
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21 Mar 2024 in Senate:
Mr. Temporary Chairperson, Sir, I beg to move that the Committee of the Whole do report to Senate its consideration of The Parliamentary Powers and The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate.
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21 Mar 2024 in Senate:
Privileges (Amendment) Bill (Senate Bills No.37 of 2023) and its approval thereof with amendments.
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21 Mar 2024 in Senate:
Madam Temporary Speaker, I beg to move that the Senate do agree with the Committee of the Whole in the said report. I request Sen. Sifuna to second.
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21 Mar 2024 in Senate:
Madam Temporary Speaker, I beg to move that the Parliamentary Powers and Privileges (Amendment) Bill (Senate Bills No.37 of 2023) be now read a Third Time. I request Sen. Olekina to second.
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20 Mar 2024 in Senate:
Mr. Temporary Speaker, Sir, I was to contribute to the Report on debt management.
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20 Mar 2024 in Senate:
Mr. Temporary Speaker, Sir, I was to contribute to the Report on debt management.
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20 Mar 2024 in Senate:
Thank you, Mr. Temporary Speaker, Sir, for that opportunity. Debt management strategy is a very important issue in this country. Therefore, this Motion is equally very important to this House. Mr. Temporary Speaker, Sir, in this debt management strategy, there are three levels of debt. We have multilateral, bilateral and commercial debts. The multilateral debt is about Kshs3.1 trillion, which is at least 50 per cent of the total external debts. The bilateral debt is about Kshs1.4 trillion, which is 23 per cent of the debt. The commercial debt is about Kshs1.7 trillion, which comprises about 27 per cent of ...
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20 Mar 2024 in Senate:
Thank you, Mr. Temporary Speaker, Sir, for that opportunity. Debt management strategy is a very important issue in this country. Therefore, this Motion is equally very important to this House. Mr. Temporary Speaker, Sir, in this debt management strategy, there are three levels of debt. We have multilateral, bilateral and commercial debts. The multilateral debt is about Kshs3.1 trillion, which is at least 50 per cent of the total external debts. The bilateral debt is about Kshs1.4 trillion, which is 23 per cent of the debt. The commercial debt is about Kshs1.7 trillion, which comprises about 27 per cent of ...
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20 Mar 2024 in Senate:
it simply means the Government is competing with the private sector to borrow, which leads to high interest rates. For example, debt attributable to Treasury bonds is about Kshs4.2 trillion, debt attributed to Treasury bills is about Kshs565 billion and debts attributable to overdrafts and International Monetary Fund (IMF) special drawing rights is about Kshs220 billion. As a strategy, the Government should focus on reducing domestic debts so that it does not compete with the private sector in chasing debts and therefore, affecting the development of the private sector. Mr. Temporary Speaker, Sir, allow me to talk about the whole ...
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