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.
Debt ratio is nothing it all depends on the ability to repay back that's why banks can lend a person earning 200Kp.m can borrow upto 10times his monthly salary while a person earning 10K will be denied a loan of even 5K.Simply put a person earning 10K is spending most of his money to meet his basic needs as compared to a person who earns 200K who has some money to spend on few luxuries
Ghana had a debt ratio of circa 50% but they are in a mess while Japan with 250%(as pointed out at you) are doing fine.
A person with 5K salary will borrow to pay rent and buy food while a person with 200K will mostly likely borrow to enhance his/her earnings and thats what makes the difference.
In Kenya we are borrowing to pay debts, meet recurrent expenditure commitments which means that the country is unable to generate enough money to meet its basic obligations.How does that grow the economy?
Does US, China, Japan borrow to pay its civil servants?
Whether you like it or not the economy is getting bad and it will be bad next year,look at the following
1.Interest rates
2.FX rate
3.Revenue collections
4.NSE
5.T-Bills
Look at how the GoK is desperate

If Obiero did it, Who Am I?