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Cash crunch situation facing the GOK
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sitaki.kujulikana
#51 Posted : Monday, October 12, 2015 6:44:22 PM
Rank: Veteran

Joined: 8/25/2012
Posts: 1,826
limanika wrote:
Impunity wrote:
limanika wrote:
Elephant in the room is disbursement to county govts. You spend 40 percent of revenue on counties and they spend half on salaries, the rest on corruption and kickbacks. In other words you are spending but very little being invested in meaningful production. Why didn't we settle for improved CDF model rather than county govts?



Why did you vote YES in the past plebiscite?

Allocation was mere 15 percent then. Now they want 45percent

that's just the beginning, when pamba wins the 2017 polls he will increase that to a figure around 60%, and since the counties are modeled on the eating mentality while preaching to the people that its the role of the central government to look after them.

Our understanding of devolution is the central government send us cash and we find ways of sharing it with our cronies.
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AlphDoti
#52 Posted : Monday, October 12, 2015 6:56:13 PM
Rank: Elder

Joined: 6/20/2008
Posts: 6,275
Location: Kenya
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Cornelius Vanderbilt
#53 Posted : Monday, October 12, 2015 7:15:47 PM
Rank: Member

Joined: 8/15/2015
Posts: 817
cash cruch my foot !!!!! they say they have no money when on this other side mps and mcas and all the rest are blowing the budget with their foreign trips. nkt .
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Angelica _ann
#54 Posted : Monday, October 12, 2015 7:55:57 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,941
sitaki.kujulikana wrote:
limanika wrote:
Impunity wrote:
limanika wrote:
Elephant in the room is disbursement to county govts. You spend 40 percent of revenue on counties and they spend half on salaries, the rest on corruption and kickbacks. In other words you are spending but very little being invested in meaningful production. Why didn't we settle for improved CDF model rather than county govts?



Why did you vote YES in the past plebiscite?

Allocation was mere 15 percent then. Now they want 45percent

that's just the beginning, when pamba wins the 2017 polls he will increase that to a figure around 60%, and since the counties are modeled on the eating mentality while preaching to the people that its the role of the central government to look after them.

Our understanding of devolution is the central government send us cash and we find ways of sharing it with our cronies.

Baba had to be brought into this!!!!!smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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limanika
#55 Posted : Monday, October 12, 2015 10:04:48 PM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
This govt has dished out so much money there are many people than ever before who don't need to work any more.....
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alutacontinua
#56 Posted : Monday, October 12, 2015 10:12:06 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
If we are currently in this "cash crunch" what will happen in 2016 when we have to pay off over 600Billion???

Here is a pic of the Total Debt Repayment Profile:

https://pbs.twimg.com/me...Izo69WEAAd9QA.jpg:large

Here is a link to the Medium Term Debt Strategy by Treasury.

http://www.africanbondma..._Debt_Strategy-2015.pdf

Looks like we are set for more pain Sad
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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harrydre
#57 Posted : Saturday, October 24, 2015 11:25:24 AM
Rank: Elder

Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
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kyt
#58 Posted : Saturday, October 24, 2015 12:14:52 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
Cornelius Vanderbilt wrote:
cash cruch my foot !!!!! they say they have no money when on this other side mps and mcas and all the rest are blowing the budget with their foreign trips. nkt .

That's the big irony
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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whiteowl
#59 Posted : Saturday, October 24, 2015 2:12:18 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
harrydre wrote:
As predicted

http://www.nation.co.ke/...-/83kuxtz/-/index.html.



When you bed loan sharks and blow up the cash like you're in Vegas.Quote: These are the conditions Kenya has agreed to abide by in order to get a bailout loan from the International Monetary Fund.
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