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Fall in Purchasing Power
Swenani
#21 Posted : Tuesday, May 15, 2018 4:01:35 PM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
mulla wrote:
jgithige wrote:
Wororo wrote:
Ericsson wrote:
Brent crude oil at $77 a barrel.
Prepare for ksh.115 a liter


Plus VAT come Sept it'll be circa 150/= ...

Time to reconsider owning guzzlers... And disposing them might be quite nerve racking...


In recent times on our roads V8s are tryin to catch up with fielders. You can hardly drive for 5 min especially in NBO without spotting one.

Laughing out loudly Laughing out loudly True....we live in a showing off culture...many of these guys live in rentals and have purchased the cars on loans.....


How is that wrong or bad? Keep your misery to yourself
If Obiero did it, Who Am I?
wukan
#22 Posted : Thursday, May 17, 2018 10:38:04 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,567
Quote:
County governments are likely to struggle to implement their development plans because of their dwindling ability to collect revenue. The latest report from Controller of Budget Agnes Odhiambo shows that in the first half of the 2017/2018 financial year, county governments' own source revenue (OSR) dropped by 28.9 per cent to Sh9.95 billion.

The revenue, achieved between July and December last year, translates to 18 per cent of the annual target of Sh55.84 billion. Counties now face a tall order to collect Sh45.89 billion before the close of the current financial year that ends in June.
Read more at: https://www.standardmedi...venues-hit-a-3-year-low


The fall in purchasing powerSad
Monk
#23 Posted : Thursday, May 17, 2018 1:00:23 PM
Rank: Member


Joined: 7/1/2009
Posts: 245
wukan wrote:
Quote:
County governments are likely to struggle to implement their development plans because of their dwindling ability to collect revenue. The latest report from Controller of Budget Agnes Odhiambo shows that in the first half of the 2017/2018 financial year, county governments' own source revenue (OSR) dropped by 28.9 per cent to Sh9.95 billion.

The revenue, achieved between July and December last year, translates to 18 per cent of the annual target of Sh55.84 billion. Counties now face a tall order to collect Sh45.89 billion before the close of the current financial year that ends in June.
Read more at: https://www.standardmedi...venues-hit-a-3-year-low


The fall in purchasing powerSad


Heads in the sand...they think the problem is "...counties' capacity to collect..."; they can't see that the SME sector is gasping for air in the prevailing economic environment.
kayhara
#24 Posted : Thursday, May 17, 2018 1:40:19 PM
Rank: Veteran


Joined: 5/5/2011
Posts: 1,059
Monk wrote:
wukan wrote:
Quote:
County governments are likely to struggle to implement their development plans because of their dwindling ability to collect revenue. The latest report from Controller of Budget Agnes Odhiambo shows that in the first half of the 2017/2018 financial year, county governments' own source revenue (OSR) dropped by 28.9 per cent to Sh9.95 billion.

The revenue, achieved between July and December last year, translates to 18 per cent of the annual target of Sh55.84 billion. Counties now face a tall order to collect Sh45.89 billion before the close of the current financial year that ends in June.
Read more at: https://www.standardmedi...venues-hit-a-3-year-low


The fall in purchasing powerSad


Heads in the sand...they think the problem is "...counties' capacity to collect..."; they can't see that the SME sector is gasping for air in the prevailing economic environment.

Yeah counties capacity to collect is the real reason they are struggling, a good example is land rates, you always see waiver on rates ads on papers every now and then, not sure but Mombasa and Nairobi are owed about 150 billion in unpaid land rates. land owners do not have a reason to pay as no one will likely follow up, the only time I have seen guys paying rates is when submitting plans or selling their land.
To Each His Own
Monk
#25 Posted : Thursday, May 17, 2018 2:57:43 PM
Rank: Member


Joined: 7/1/2009
Posts: 245
kayhara wrote:
Monk wrote:
wukan wrote:
Quote:
County governments are likely to struggle to implement their development plans because of their dwindling ability to collect revenue. The latest report from Controller of Budget Agnes Odhiambo shows that in the first half of the 2017/2018 financial year, county governments' own source revenue (OSR) dropped by 28.9 per cent to Sh9.95 billion.

The revenue, achieved between July and December last year, translates to 18 per cent of the annual target of Sh55.84 billion. Counties now face a tall order to collect Sh45.89 billion before the close of the current financial year that ends in June.
Read more at: https://www.standardmedi...venues-hit-a-3-year-low


The fall in purchasing powerSad


Heads in the sand...they think the problem is "...counties' capacity to collect..."; they can't see that the SME sector is gasping for air in the prevailing economic environment.

Yeah counties capacity to collect is the real reason they are struggling, a good example is land rates, you always see waiver on rates ads on papers every now and then, not sure but Mombasa and Nairobi are owed about 150 billion in unpaid land rates. land owners do not have a reason to pay as no one will likely follow up, the only time I have seen guys paying rates is when submitting plans or selling their land.


My turnover last year was 30% of the previous 2 years. Based on what I've observed around me, it seems I'm not alone in this situation. I've whittled down my costs significantly to stay afloat. By extension, KRA and the county government made less from my business activities and reduced spending. @Kayhara perhaps you have not taken a hit...good for you. If our losses balanced out with your (businesses that thrived) gains, then tax and levy collections would stay constant, or increase where tax rates have been raised.
wukan
#26 Posted : Tuesday, May 22, 2018 11:14:40 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,567
The risk of perverse outcomes-source BD

1. Real-time bulky payments dropped by Sh373.05 billion in the first three months of the year, marking the first-ever such drop and pointing to an economic slowdown.

2. Taxpayers will spend Sh149.2 million for staff and the office of former Vice-President Moody Awori in the financial year ending June after he was included in the list of former State officers receiving lavish retirement benefits.

3. Troubled retailer Uchumi is seeking a bank loan to pay its employees, who have gone for months without salaries... outstanding arrears run into at least Sh150 million since January.

4. ARM manenos
Ericsson
#27 Posted : Tuesday, May 29, 2018 1:37:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
2.7mn people names have been submitted to CRB by financial institutions for loan defaults in Q1 2018
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
maka
#28 Posted : Tuesday, May 29, 2018 3:15:14 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
2.7mn people names have been submitted to CRB by financial institutions for loan defaults in Q1 2018



waaaah....
possunt quia posse videntur
Angelica _ann
#29 Posted : Tuesday, May 29, 2018 3:39:31 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
maka wrote:
Ericsson wrote:
2.7mn people names have been submitted to CRB by financial institutions for loan defaults in Q1 2018



waaaah....


Sio mingi considering it includes mobile loans, Saccos and MFIs 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
mulla
#30 Posted : Tuesday, May 29, 2018 5:56:45 PM
Rank: Member


Joined: 6/15/2013
Posts: 301
Angelica _ann wrote:
maka wrote:
Ericsson wrote:
2.7mn people names have been submitted to CRB by financial institutions for loan defaults in Q1 2018



waaaah....


Sio mingi considering it includes mobile loans, Saccos and MFIs smile

and HELB for candidates who havent even secured a job!!!But thankfully this class is going to get wiped off CRB once they present their case..
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