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Uhuru in a spot over Sh59 billion Budget discrepancy (Mambo ya Majirani zetu haya!!!)

Discussion in 'Habari na Hoja mchanganyiko' started by Mpogoro, Jun 16, 2010.

  1. Mpogoro

    Mpogoro JF-Expert Member

    Jun 16, 2010
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    MPs are raising questions regarding a Sh59 billion discrepancy in the Budget read by Finance Minister Uhuru Kenyatta.

    Chairman of the Budget Committee Elias Mbau raised the matter, saying the minister presented the Budget Policy Statement showing revenue collection at Sh629 billion yet in last week’s Budget he puts the figure of revenue collection at Sh688 billion.

    Eldoret East MP Margaret Kamar, who is a member of the committee, also complained about this discrepancy and wanted Uhuru to give an explanation.

    "In the final Budget it was established there is a Sh59 billion discrepancy. This was not projected in the Budget Policy Statement. We would like to know what guided the minister about the additional money," said Mr Mbau, the Maragwa MP.

    According to the Fiscal Management Act, the Finance Minister is required to present a Budget Policy Statement before Parliament not later than March 21, giving projections of the Budget.
    Uhuru is also accused of failing to accompany the Budget estimates with the Treasury report on Government spending for the current financial year ending on June 30.
    Garsen MP Danson Mungatana raised the matter and cited the Financial Management Act that the minister flouted. Deputy Speaker Farah Maalim said the Speaker will rule over the matter.

    Borrow money
    On the discrepancy, Kamar said the minister appeared just to fulfil the requirement of presenting the Budget Policy Statement without regard to its contents.
    "It tells us the minister was in a hurry to make the Budget Policy Statement," said Kamar.
    Mbau also queried why the Government intends to borrow money yet there is Sh30 billion lying unutilised in the Central Bank.

    "We want to know which Government departments and ministries don’t have the capacity to consume the money allocated. It is very unfair to have money lie in CBK while we borrow money that attracts huge interests," said Mbau.

    Recently Finance PS Joseph Kinyua told the Parliamentary Accounts Committee that Sh30 billion was lying uncollected in Treasury.
    Mbau also said the Government is not committed to reducing public debt and asked Uhuru to consider terms for borrowing.

    Rarieda MP Nicholas Gumbo said the provisions on the Budget can only be helpful if they make sense to Kenyans while Amagoro MP Sospeter Ojaamong asked for special consideration on areas that do not have adequate teachers.
  2. Bantugbro

    Bantugbro JF-Expert Member

    Jun 16, 2010
    Joined: Feb 22, 2009
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    Poor neighbours, when you think you know to much...