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Budget 2015/16 2.1Trillion Kshs
Rank: Member Joined: 1/13/2012 Posts: 139
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The budget to be read today is 20% higher than the last financial year at 2.1 Trillion Kshs. The increase is to be spend in Infrastructure and security where the is a shortfall of almost 500b from funding(tax, grants & Loans). Our debt obligation is at our highest ever as percentage of GDP and having turned Kenya to a net importer, our purchasing power has gone to the dogs.
Brace yourselves Wazuans, Winter is coming!!
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Winter is here, you just dont see it. 80% of that money will go into someone's pockets. Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 3/16/2009 Posts: 1,464
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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What angers me most are the departments/Ministries that returns money to treasury because for a whole year they didn't implement the projects that had been earmarked for a specific year. For every coin that is returned on such ground, it means delayed development. More suffering for wananchi's who couldn't access medicine, markets(eg coz of poor roads), education etc. In the same year that we failed to implement projects, China implements five times more of the same. Then we come around and wonder why we are still poor.
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets.  I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! A New Kenya
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Much Know wrote:KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets. I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! Are the counties ones Online too?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Much Know wrote:KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets. I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! Hata online itakuliwo tu... possunt quia posse videntur
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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washiku wrote:Much Know wrote:KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets. I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! Are the counties ones Online too? They can "be forced" to put their tenders on the same platform, sema wepewe mondays, tuesdays kitu kama hiyo, where would the issue with counties using this platform arise? there are too many solutions being sold out there, unless they are preparing to eat and "they" are not one person. A New Kenya
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Much Know wrote:washiku wrote:Much Know wrote:KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets. I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! Are the counties ones Online too? They can "be forced" to put their tenders on the same platform, sema wepewe mondays, tuesdays kitu kama hiyo, where would the issue with counties using this platform arise? there are too many solutions being sold out there, unless they are preparing to eat and "they" are not one person. I agree they should. My question is whether they are on the IFMIS platform now. If the govt purchases can be centralised in a system accessible easily and transparently by all stakeholders, govt would save a lot of money. First, suppliers would compete openly without the "deal" additions added on top of the actual prize. Two, govt would save through economies of scale by negotiating for discounts from suppliers due to the huge volumes involved. Until that is done, we shall continue buying a pen at 120shillings and a tissue for 500bob per piece; and nothing will ever change. Uhuru started this system when he was a Finance Minister, I hope he see it through in his team as PORK. As someone once said here, eating will be quite hard soon.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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What KRA need to do is start taxing masufferers just like midro class. No escape...tax and tax properly. Let them feel pain sana then they vote with their brains rather than tribes when they realise how their money gets wasted. Right now those sufferers vote for idiots who do nothing. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 6/21/2008 Posts: 2,490
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KulaRaha wrote:What KRA need to do is start taxing masufferers just like midro class. No escape...tax and tax properly. Let them feel pain sana then they vote with their brains rather than tribes when they realise how their money gets wasted.
Right now those sufferers vote for idiots who do nothing. I agree, but what tax should be introduced? And please don’t tell me Sex tax  The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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@ZZE123 Concubine and mpango wa kando tax Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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This is what I'm talking about!
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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muganda wrote:This is what I'm talking about!
Finally some sense.. "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
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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muganda wrote:Sadly, there's more...
Are expenses allowed ama ni 12% of gross?
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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muganda wrote:This is what I'm talking about!
Nani analipa? Mnunuzi ama muuzaji?
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Ngataa imepanda na shilingi tatu na hakuna mtu ameona......
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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washiku wrote:Much Know wrote:washiku wrote:Much Know wrote:KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets. I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! Are the counties ones Online too? They can "be forced" to put their tenders on the same platform, sema wepewe mondays, tuesdays kitu kama hiyo, where would the issue with counties using this platform arise? there are too many solutions being sold out there, unless they are preparing to eat and "they" are not one person. I agree they should. My question is whether they are on the IFMIS platform now. If the govt purchases can be centralised in a system accessible easily and transparently by all stakeholders, govt would save a lot of money. First, suppliers would compete openly without the "deal" additions added on top of the actual prize. Two, govt would save through economies of scale by negotiating for discounts from suppliers due to the huge volumes involved. Until that is done, we shall continue buying a pen at 120shillings and a tissue for 500bob per piece; and nothing will ever change. Uhuru started this system when he was a Finance Minister, I hope he see it through in his team as PORK. As someone once said here, eating will be quite hard soon. Hehe unless the system has pre-loaded market rates, bidders will have to cough up money to land deals, ie if you want to supply samosas for an year give us 2 million and you get a 50 million deal. To Each His Own
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Rank: Elder Joined: 12/4/2009 Posts: 10,678 Location: NAIROBI
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Capitalisation of banks and mortgage institutions raised from ksh.1bn to 5bn by 2018.It will be implemented gradually. Capital for insurance companies raised as follows;General insurance to ksh.600mn,life to ksh.400mn.Composite insurance to ksh.1bn Fuel levy raised by ksh.3 for super and diesel Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Budget 2015/16 2.1Trillion Kshs
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