wazua Wed, May 6, 2026
Welcome Guest Search | Active Topics | Log In

2 Pages12>
Reducing Kenya's debt
Mainat
#1 Posted : Wednesday, April 17, 2013 9:48:44 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
From yesterday's speech, its good that the dynamic duo already recognises the challenging gap between spending and KRA collections which is now north of Ksh0.5trn. They need to start thinking about what they can cut asap and what revenue they can raise.
On cost cuts, getting MPs and assorted politicians to accept the new lower pay would be a good symbolic start though no saving. You then move to the increasing amounts spent on present and former VIPs. From here things look grim because we are talking about cutting silly duplications like county commissioners et al.
On the revenue side, reduce stakes in parastatals, businesses e.g. NBK, New KCC, KPL, KAA to name but a few. Finally replace short-term borrowing and increase long-term borrowing.
Sehemu ndio nyumba
tycho
#2 Posted : Wednesday, April 17, 2013 10:33:36 AM
Rank: Elder

Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
Revenue collection will be a nightmare if all of us do not embrace the digital revolution and what it means.

For example, when you go to pay for your licenses at city hall, you'll find long queues, plenty of staff, and plenty of movement around, and two weeks of waiting for your license. Most of these activities are money wasters.

But each office has a computer, and the staff seem to be getting along with the equipment. Thinking about it I realize that something else needs to be done. These workers need not only to know how to use a particular application, but they also need to be educated on how digital technology can be used to create time and money.

We also need new thinking on taxation and government expenditure. For example the 'dynamic duo' need to consider a negative income tax policy on the citizen, and engage the citizen interactively and proactively on what has been referred to as 'public goods'.

There's a fine line between sound economic policy and political discourse. Political discourse is about popularity, and even its metaphor allows for fantasy. Economic policy on the other hand is about coming with the appropriate mathematical formula for political narrative and being able to execute it efficiently and effectively. So far, I am convinced that the 'dynamic duo' are making some errors in their articulation of what they want for Kenyans.

For example, the promises they are making are very much 'end oriented' that is, they are pictures of an 'ideal life'. But these ideals are like new wine in old wine skins. That is, they are not talking about new wine skins. As a result, the citizen will fail to change her ways and accord to what our leaders are prepared to offer.
josimar
#3 Posted : Wednesday, April 17, 2013 11:47:23 AM
Rank: Member

Joined: 7/6/2010
Posts: 242
I fear there will be massive retrenchments in civil service.The debt level is about 48 % of the country's GDP and still rising. Hapo kuna shida .
guru267
#4 Posted : Wednesday, April 17, 2013 1:06:53 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
I hope Ruto will scout the global market for potential investors in government firms as a possible source of revenue!

For example a global player like Munich re can come and takeover GOKs position in Kenya re and raise well over 10billion!
Mark 12:29
Deuteronomy 4:16
josimar
#5 Posted : Wednesday, April 17, 2013 2:02:18 PM
Rank: Member

Joined: 7/6/2010
Posts: 242
Quote:
I hope Ruto will scout the global market for potential investors in government firms as a possible source of revenue!

For example a global player like Munich re can come and takeover GOKs position in Kenya re and raise well over 10billion!


Why WSR in particular ? I thought there is a privatization commission..Such arrangements are perfect grounds for having a MOBITELEA.
Ericsson
#6 Posted : Thursday, April 18, 2013 11:07:29 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
http://www.businessdaily...88/-/tggi5t/-/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
symbols
#7 Posted : Thursday, April 25, 2013 9:49:13 AM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
Austerity in EU has reached the limit, focusing on growth is the priority

Hope the Kenyan government learns from them.Growth!
cnn
#8 Posted : Saturday, April 27, 2013 11:05:27 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Todays Nation....on Thursday Rwanda goes to the international markets to raise 400 million dollars(kSh 33.5 billion) through a 10 year bond with a 6.875% yield.Investors bid 3 billion dollars (251 billion Kenya shillings)...time for the guys at Treasury to think beyond the local market.
murchr
#9 Posted : Saturday, April 27, 2013 5:35:23 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
josimar wrote:
I fear there will be massive retrenchments in civil service.The debt level is about 48 % of the country's GDP and still rising. Hapo kuna shida .


Very possible, those working in Ministries that evaporated might be among those to face the axe. That of the PM, Ministry of Northern Kenya and Arid lands blabla.

I would personally want to see secretaries, teagals, messengers some drivers done away with, some of these services can be outsourced. Anyone who cant draft a letter & type in this day and age should not be in office.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Rahatupu
#10 Posted : Tuesday, April 30, 2013 6:20:47 PM
Rank: Veteran

Joined: 12/4/2009
Posts: 1,982
Location: matano manne
murchr wrote:
josimar wrote:
I fear there will be massive retrenchments in civil service.The debt level is about 48 % of the country's GDP and still rising. Hapo kuna shida .


Very possible, those working in Ministries that evaporated might be among those to face the axe. That of the PM, Ministry of Northern Kenya and Arid lands blabla.

I would personally want to see secretaries, teagals, messengers some drivers done away with, some of these services can be outsourced. Anyone who cant draft a letter & type in this day and age should not be in office.


The political cost would be too BIG especially if the expected dividends are not realised at the lowest levels. Look at it from an utilitarian perspective.
2 Pages12>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Copyright © 2026 Wazua.co.ke. All Rights Reserved.