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Kenya Economy Watch
Jitahidi
#951 Posted : Wednesday, October 07, 2015 9:09:41 AM
Rank: Member

Joined: 5/8/2008
Posts: 288
Elephant Man wrote:
it's the dollar that's falling...

Is it falling globally and do you think the trend will be reversed?
Boris Boyka
#952 Posted : Wednesday, October 07, 2015 7:05:53 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
The parliament "has no money " as they say.smile
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
mibbz
#953 Posted : Monday, October 12, 2015 11:08:21 AM
Rank: Member

Joined: 2/18/2011
Posts: 448
Hi Wazuans. I am wondering, what is the impact of the endless corruption and wastage on the economy in general and if possible impact of it on Government spending?

Is there precedence of a government going broke due to corruption and what are the implications of such on the hard working citizens?
whiteowl
#954 Posted : Monday, October 12, 2015 12:08:54 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
mibbz wrote:
Hi Wazuans. I am wondering, what is the impact of the endless corruption and wastage on the economy in general and if possible impact of it on Government spending?

Is there precedence of a government going broke due to corruption and what are the implications of such on the hard working citizens?


Look up Ghana and Greece. They're the latest examples
maka
#955 Posted : Monday, October 12, 2015 12:49:42 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Page 38 ,39 and 40 of the Daily Nation speaks volumes
possunt quia posse videntur
Ericsson
#956 Posted : Tuesday, October 13, 2015 6:12:19 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Next year will be tough for the government and economically.Domestic borrowing on the roof and high interest rates as the government struggles to meet repayment obligations.
KRA will really try to achieve the targets but most of the revenue will be towards debt repayments.
Salary increments for public servants wasahau
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#957 Posted : Thursday, October 15, 2015 6:49:17 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Debt worth sh.650bn matures next year and will be due for repayment.
It will be a tough year economically for Kenya.
Debt repayment this year had been projected at sh.400bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mnandii
#958 Posted : Thursday, October 15, 2015 7:00:01 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Ericsson wrote:
Debt worth sh.650bn matures next year and will be due for repayment.
It will be a tough year economically for Kenya.
Debt repayment this year had been projected at sh.400bn


Defaults???!
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
Ericsson
#959 Posted : Thursday, October 15, 2015 9:30:49 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@mnandii
As per the prescription we were given by IMF early this year;debt repayments come first and take top priority then other expenses follow.
That's the reason we are having cash crunch issues
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#960 Posted : Friday, October 16, 2015 11:58:23 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Henry Rotich says between July and September;sh 148.7bn of revenue collected was used to pay domestic and foreign debt.
He couldn't use tbiils and tbonds since interest rates are high.
If in first 3 months of financial year ksh.148.7bn of debt has been repaid;it means by end of financial year we would have repaid debt worth nearly ksh.600bn.
Source of repayment revenue collected by government agencies primarily KRA.
This shit is not ending anytime soon.
The tbills and bonds being currently issued are to sustain government operations since most of the money collected by KRA is being used to repay debt.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
263 Pages«<9495969798>»
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