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Boris Boyka
#41 Posted : Tuesday, October 20, 2015 10:53:33 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
limanika wrote:
@ Boris just the other day, the chief govt accountant was asked to explain the current crisis.. and he said we're in problems because KRA missed a target.. that it'll be ok once they pull up their socks.. but he couldn't say how they are going to make up.. in the same sentence asked about the wastage and corruption going on, he said revenue already collected by KRA is being spent behind his back in ways he can't explain.. be the judge where we stand on the sick scale

d'oh! Who are your debate mates?
Your teachers need to be highly rewarded!
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Liv
#42 Posted : Tuesday, October 20, 2015 11:12:29 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
Which of these countries has the highest Government Debt to GDP ratio?
A. Kenya
B. USA
C. Japan
D. China
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  | | Edit by user: Tuesday, October 20, 2015 11:15 PM | Reason: Not specified
Liv
#43 Posted : Tuesday, October 20, 2015 11:21:30 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
Correct answer is Japan.


Kenya - circa 50%
USA - circa 105%
Japan - recently reported 249%
China - circa 41%


Now you know
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Baratang
#44 Posted : Tuesday, October 20, 2015 11:28:53 PM
Rank: Member

Joined: 10/6/2009
Posts: 587
Liv wrote:
Correct answer is Japan.


Kenya - circa 50%
USA - circa 105%
Japan - recently reported 249%
China - circa 41%


Now you know


@Liv, limanika seems not to know the meaning of external government debt to gdp ratio. Too much ranting over a subject he is incompetent in. ABK!!!!!!
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Boris Boyka
#45 Posted : Tuesday, October 20, 2015 11:44:29 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Baratang wrote:
Liv wrote:
Correct answer is Japan.


Kenya - circa 50%
USA - circa 105%
Japan - recently reported 249%
China - circa 41%


Now you know


@Liv, limanika seems not to know the meaning of external government debt to gdp ratio. Too much ranting over a subject he is incompetent in. ABK!!!!!!

Worse still he's impermeable to instructions.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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newfarer
#46 Posted : Wednesday, October 21, 2015 12:36:45 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
Liv wrote:
Which of these countries has the highest Government Debt to GDP ratio?
A. Kenya
B. USA
C. Japan
D. China


Team 36#
Which of the above rank highest in stealing aka corruption? Answer is?


China kills thieves
Japanese thieves commit suicide
In usa they are jailed
In Kenya they are?

Stick to you lane


Boris Boyka wrote:
Baratang wrote:
Liv wrote:
Correct answer is Japan.


Kenya - circa 50%
USA - circa 105%
Japan - recently reported 249%
China - circa 41%


Now you know


@Liv, limanika seems not to know the meaning of external government debt to gdp ratio. Too much ranting over a subject he is incompetent in. ABK!!!!!!

Worse still he's impermeable to instructions.

punda amecheka
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  | | Edit by user: Wednesday, October 21, 2015 12:40 AM | Reason: Not specified
Liv
#47 Posted : Wednesday, October 21, 2015 12:54:42 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
newfarer wrote:
Liv wrote:
Which of these countries has the highest Government Debt to GDP ratio?
A. Kenya
B. USA
C. Japan
D. China


Team 36#
Which of the above rank highest in stealing aka corruption? Answer is?


China kills thieves
Japanese thieves commit suicide
In usa they are jailed
In Kenya they are?

Stick to you lane


Boris Boyka wrote:
Baratang wrote:
Liv wrote:
Correct answer is Japan.


Kenya - circa 50%
USA - circa 105%
Japan - recently reported 249%
China - circa 41%


Now you know


@Liv, limanika seems not to know the meaning of external government debt to gdp ratio. Too much ranting over a subject he is incompetent in. ABK!!!!!!

Worse still he's impermeable to instructions.




@newfarer,
1. Do you understand what is GDP?

2. If all the funds Kenya has including borrowed money (Debt) is stolen through corruption, what would happen to the country's GDP?

3. If GDP reduces, what would happen to the Debt GDP ratio?
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  | | Edit by user: Wednesday, October 21, 2015 12:57 AM | Reason: Not specified
limanika
#48 Posted : Wednesday, October 21, 2015 8:30:15 AM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
That debt to GDP ratio govt keeps brandishing in boardrooms is just meant to hoodwink financiers to lend more money. Give us comparison on recurrent expenditure to GDP, rate of growth of debt for the last 3 years and projection for next 3 years. Also tell us where the various countries are investing debt money. Finally, tell us why Greece went to the dogs yet Japan, whose debt to GDP ratio is almost twice hasn't
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Boris Boyka
#49 Posted : Wednesday, October 21, 2015 8:43:21 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
limanika wrote:
That debt to GDP ratio govt keeps brandishing in boardrooms is just meant to hoodwink financiers to lend more money. Give us comparison on recurrent expenditure to GDP, rate of growth of debt for the last 3 years and projection for next 3 years. Also tell us where the various countries are investing debt money. Finally, tell us why Greece went to the dogs yet Japan, whose debt to GDP ratio is almost twice hasn't

"tell us" Shame on you Shame on you Shame on you Pray Pray
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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PeterReborn
#50 Posted : Wednesday, October 21, 2015 9:09:46 AM
Rank: Veteran

Joined: 1/3/2014
Posts: 1,063
Things are going to be more difficult now that the banks have increased the interest rates for the loans.Businesses and individuals will reduce borrowings and hence reduction in the economic grown.
The effects on the financial sector will spill over to the other industry.
This means KRA will collect less tax as the growth and profitability reduces.

The govt is also making basic economic crimes like borrowing to pay recurrent expenditure.Wastage and corruption must be dealt with decisively to move this country forward.
Consistency is better than intensity
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