All parliamentary appearances
Entries 1401 to 1410 of 1516.
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12 Feb 2009 in National Assembly:
THAT, pursuant to Section 6(1) of the External Loans and Credit Act (Chapter 422 of the Laws of Kenya), this House approves the increase of total indebtedness for the time being outstanding in respect of principal amount of money borrowed or credit obtained under Section 2 of the Act from US$6.3 billion (Kenya Shillings Five
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12 Feb 2009 in National Assembly:
4976 PARLIAMENTARY DEBATES February 12. 2009
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12 Feb 2009 in National Assembly:
Hundred billion, i.e. Kshs500 billion) to US$10 billion (Kshs Shillings Eight hundred billion, i.e Kshs800 billion).
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12 Feb 2009 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, on 27th July, 2007, pursuant to Section 6(1) of the External Loans and Credit Act, this House approved the increase of total external indebtedness from Kshs320 billion to Kshs500 billion. At the time of setting the ceiling, the Government's external debt stood at US$468 million, which was equivalent to Kshs335 billion at the rate of Kshs75 to the US Dollar.
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12 Feb 2009 in National Assembly:
We need to increase the ceiling to accommodate new programmes and project loans we intend to borrow over the next four years, under the Medium Term Plan, 2008-2012, the first plan under Vision 2030, as part of the efforts to sustain the economic growth over that period and to continue our fight against poverty. We have, through the Medium Term Fiscal Framework, identified activities and projects that will need to be funded. For those, we need to borrow externally, about Kshs250 billion over a four year period.
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12 Feb 2009 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, I wish to re-assure this House that concerns often raised on the utilisation of proceeds from external loans and grants are receiving serious attention by the Government and that, elaborate plans to strengthen financial management, including procurement, monitoring of projects and governance, have been put in place and will be fully implemented.
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12 Feb 2009 in National Assembly:
I wish to underscore to this House the importance of the timing of this Motion. The House has been demanding, and rightly so, to be more involved in the Budget formulation process. Indeed, the House, recently, passed the Fiscal Management Bill, and the Treasury concurs with the need to fully involve Parliament in the Budget process. In this regard, we plan to bring to this House the Budget proposals as contained in the Budget Strategy Paper around April, 2009.
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12 Feb 2009 in National Assembly:
Mr. Temporary Deputy Speaker, Sir, with the foregoing assurance, I beg to move that pursuant to Section 6(1) of the External Loans and Credit Act, Cap.422 Laws of Kenya, the ceiling of total indebtedness in respect of the principal amount of money borrowed or credit obtained under Section 2 of the Act, be raised from US$6.3 billion to US$10 billion.
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12 Feb 2009 in National Assembly:
Thank you.
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12 Feb 2009 in National Assembly:
Mr. Temporary Fe bruary 12, 2009 PARLIAMENTAR Y DEBATES
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