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Habari ndio hii...Jubilee's vision 2085
Rank: Elder Joined: 3/2/2009 Posts: 26,335 Location: Masada
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Rank: Elder Joined: 6/21/2008 Posts: 2,490
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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Total debt since independence? How do such levels of indebtedness affect the country?
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Actually, if you talk to any GoK lackey in Treasury, he will tell you we can still borrow more. They want to take borrowing to 74% of GDP, we are currently at around 50%. Building the new generation of billionaires on the sweat of ordinary Kenyans! Choices really do have consequences. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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KulaRaha wrote:Actually, if you talk to any GoK lackey in Treasury, he will tell you we can still borrow more. They want to take borrowing to 74% of GDP, we are currently at around 50%.
Building the new generation of billionaires on the sweat of ordinary Kenyans!
Choices really do have consequences. The US debt is about $18 trillion, which is 108% of GDP and they are still borrowing more. Kenya is doing very well at only 50% of GDP.
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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hardwood wrote:KulaRaha wrote:Actually, if you talk to any GoK lackey in Treasury, he will tell you we can still borrow more. They want to take borrowing to 74% of GDP, we are currently at around 50%.
Building the new generation of billionaires on the sweat of ordinary Kenyans!
Choices really do have consequences. The US debt is about $18 trillion, which is 108% of GDP and they are still borrowing more. Kenya is doing very well at only 50% of GDP. http://www.heritage.org/...ebt-impacts-the-economy
http://www.voxeu.org/deb...-optimal-debt-gdp-ratio
Considering other factors specific to Africa and Kenya like high population growth, poor education policies, the struggle to reach the technology frontier unlike in Japan or America, escalating debt may prove a fatal policy. Yet our politics tend to favor such escalation.
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Rank: User Joined: 1/20/2014 Posts: 3,528
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tycho wrote:hardwood wrote:KulaRaha wrote:Actually, if you talk to any GoK lackey in Treasury, he will tell you we can still borrow more. They want to take borrowing to 74% of GDP, we are currently at around 50%.
Building the new generation of billionaires on the sweat of ordinary Kenyans!
Choices really do have consequences. The US debt is about $18 trillion, which is 108% of GDP and they are still borrowing more. Kenya is doing very well at only 50% of GDP. http://www.heritage.org/...ebt-impacts-the-economy
http://www.voxeu.org/deb...-optimal-debt-gdp-ratio
Considering other factors specific to Africa and Kenya like high population growth, poor education policies, the struggle to reach the technology frontier unlike in Japan or America, escalating debt may prove a fatal policy. Yet our politics tend to favor such escalation. And the sycophants  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 3/23/2011 Posts: 503
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hardwood wrote:KulaRaha wrote:Actually, if you talk to any GoK lackey in Treasury, he will tell you we can still borrow more. They want to take borrowing to 74% of GDP, we are currently at around 50%.
Building the new generation of billionaires on the sweat of ordinary Kenyans!
Choices really do have consequences. The US debt is about $18 trillion, which is 108% of GDP and they are still borrowing more. Kenya is doing very well at only 50% of GDP. The difference is that US is aproducer country and heavily industrialized. Their debts are mainly used to spur production. While a good portion of our debt is used on infrastructure development the biggest proportion is lost through corruption, lopsided contracts that allows 'expats' and foreign consultants to shore away most of the hefty wages. And yes, we borrow to enable us increase wages... Big difference in my humble opinion. Even a BrOKeN clock is right twice a day
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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hardwood wrote:KulaRaha wrote:Actually, if you talk to any GoK lackey in Treasury, he will tell you we can still borrow more. They want to take borrowing to 74% of GDP, we are currently at around 50%.
Building the new generation of billionaires on the sweat of ordinary Kenyans!
Choices really do have consequences. The US debt is about $18 trillion, which is 108% of GDP and they are still borrowing more. Kenya is doing very well at only 50% of GDP. We need to consider the debt structure. Like around 2/3 of US debt is said to be domestic. While more of Kenya's debt appears to be foreign ... "There is a difference between external debt denominated in domestic currency, and external debt denominated in foreign currency. A nation can service external debt denominated in domestic currency by tax revenues, but to service foreign currency debt it has to convert tax revenues in foreign exchange market to foreign currency, which puts downward pressure on the value of its currency. So all of the money used to service foreign currency debt has to come from a country's balance of payments transfers."
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Rank: Member Joined: 6/4/2015 Posts: 604
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Some people will be 'homosexed'. 
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