Uhuru signs into law five parliamentary bills

Meria

Meria

Elder Lister
President Uhuru Kenyatta on Monday at State House, Nairobi signed into law five parliamentary bills among them the 2022 Supplementary I Appropriation Bill (Supplementary Budget).

Others were the 2021 Copyright (Amendment) Bill, the 2020 Kenya Deposit Insurance (Amendment) Bill, the 2022 Industrial Training (Amendment) Bill, and the 2019 Employment (Amendment) Bill.

The newly signed Supplementary Budget unlocks a total Shs 139,752,936,287 exchequer funds for use in drought-related interventions; security operations; election preparedness; fuel stabilization; and settlement of pending bills among other pressing public needs.

A sum of Shs 34,446,813,295 from the Supplementary Budget has been allocated to the Government fuel stabilization programme aimed at cushioning Kenyans from high cost fuel prices occasioned by the worsening global energy crisis.
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Meria said:
President Uhuru Kenyatta on Monday at State House, Nairobi signed into law five parliamentary bills among them the 2022 Supplementary I Appropriation Bill (Supplementary Budget).

Others were the 2021 Copyright (Amendment) Bill, the 2020 Kenya Deposit Insurance (Amendment) Bill, the 2022 Industrial Training (Amendment) Bill, and the 2019 Employment (Amendment) Bill.

The newly signed Supplementary Budget unlocks a total Shs 139,752,936,287 exchequer funds for use in drought-related interventions; security operations; election preparedness; fuel stabilization; and settlement of pending bills among other pressing public needs.

A sum of Shs 34,446,813,295 from the Supplementary Budget has been allocated to the Government fuel stabilization programme aimed at cushioning Kenyans from high cost fuel prices occasioned by the worsening global energy crisis.
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Si mtu awake more information particularly on industrial training ( amendment ) bill
Got interest in that
 
Meria said:
Lack of fuel has made you slow today.
Kumzubaisha sio kumpatia. Furthermore that fossil can hardly get it up without the blue pill and mothermore if he gets over exited his pace maker may cease abruptly.
Hatutaki lawama
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Unclemore, he suffers a similar para-freudian syndrome to Dr. Stein.

"Look, Miss Thompson. I know you think I'm an idiot, but normally I'm quite normal. It's only when I'm in the presence of a lady that I... When there's no lady present, I can catch an insect without hurting it.
It's really just an interesting psychological phenomenon. If a man who is susceptible to a type of para-Freudian syndrome like this encounters a nubile female, what happens?"
 
zapp_brannigan said:
But Niko na kiuliso , hii fuel subsidy is from a levy collected when fuel is sold ama ?
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Yes. When you purchase fuel you also pay a petroleum development levy of around 5 shillings per litre. This goes into the subsidy kitty. The reason why I am saying that there will be a new crisis soon is because the reason why the kitty had been drained is because treasury has been dipping into it for other budgetary issues i.e debt repayment. You can therefore deduce that money has probably been taken away from somewhere to fund this subsidy and then they will seal that hole with debt later on. I don't envy the incoming government. Watapata shida kubwa sana huko treasury.
 
zapp_brannigan said:
Please tuelezee in simpler terms maybe we are blaming the wrong people .
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Ok. Let me give a scenario. Don't have actual figures.

The price of fuel in Kenya is set by the gavament based on the price at the international market. The gavament factors all inputs including the profits of the sellers At some point, this final cost was too high, and the gavament told the sellers to sell prices way below this and the gavament would top the difference. So, the marketers would buy at say, 130, but sell at 125 expecting the gavament will top up with 10 bob (what we are calling the fuel stabilization fund) so that at least they get a profit of 5bob. The gavament hasn't done that, and the arrears have accumulated to over 13bn.
So now the marketers wamesema hawachukui any more fuel until the arrears are settled.
 
Denis Young said:
Yes. When you purchase fuel you also pay a petroleum development levy of around 5 shillings per litre. This goes into the subsidy kitty. The reason why I am saying that there will be a new crisis soon is because the reason why the kitty had been drained is because treasury has been dipping into it for other budgetary issues i.e debt repayment. You can therefore deduce that money has probably been taken away from somewhere to fund this subsidy and then they will seal that hole with debt later on. I don't envy the incoming government. Watapata shida kubwa sana huko treasury.
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The actual name is Petroleum Development Levy
And I think it's purpose was to fund exploration activities, not cushion against the price increase. I could be wrong, though.
 
Meria said:
Lack of fuel has made you slow today.
Kumzubaisha sio kumpatia. Furthermore that fossil can hardly get it up without the blue pill and mothermore if he gets over exited his pace maker may cease abruptly.
Hatutaki lawama
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Auntimore mi sisemi kitu... Neega you leave in Mombasani where the sheep carrying osungu.drrr docked.
Can't see me myself and I over exiting!
 
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