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Ksh 1.4 Trillion national budget
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eboomerang
#1 Posted : Tuesday, June 12, 2012 7:44:53 PM
Rank: Member

Joined: 6/27/2011
Posts: 301
Location: Nairobi
The budget is being reported to be 1.4 Trillion Kenya shillings.

Our current debt is about 51% of the GDP.

Constitution places a cap of the amount of debt the country should take on.

Government is too ambitious on its growth plans and projects, How will they finance these plans given that they have reached the constitutionaly acceptable debt level???

Further taxation.

I hope we are not looking to introducing austerity measures to increase goverment revenue.
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murchr
#2 Posted : Tuesday, June 12, 2012 7:46:01 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
eboomerang wrote:
The budget is being reported to be 1.4 Trillion Kenya shillings.

Our current debt is about 51% of the GDP.

Constitution places a cap of the amount of debt the country should take on.

Governement too ambitious on growth projects, How will they finance these ambitions given that they have reached the acceptable debt level???

Further taxation.

I hope we are not looking to introducing austerity measures to increase goverment revenue.


I can swear you are an accountant
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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eboomerang
#3 Posted : Tuesday, June 12, 2012 7:59:27 PM
Rank: Member

Joined: 6/27/2011
Posts: 301
Location: Nairobi
murchr wrote:
eboomerang wrote:
The budget is being reported to be 1.4 Trillion Kenya shillings.

Our current debt is about 51% of the GDP.

Constitution places a cap of the amount of debt the country should take on.

Governement too ambitious on growth projects, How will they finance these ambitions given that they have reached the acceptable debt level???

Further taxation.

I hope we are not looking to introducing austerity measures to increase goverment revenue.


I can swear you are an accountant


I'm actually not an accountant. I just summarized what was commented on these clips

Clip 1

Clip 2
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  | | Edit by user: Wednesday, June 13, 2012 11:53 AM | Reason: Not specified
murchr
#4 Posted : Tuesday, June 12, 2012 8:06:38 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
eboomerang wrote:
murchr wrote:
eboomerang wrote:
The budget is being reported to be 1.4 Trillion Kenya shillings.

Our current debt is about 51% of the GDP.

Constitution places a cap of the amount of debt the country should take on.

Governement too ambitious on growth projects, How will they finance these ambitions given that they have reached the acceptable debt level???

Further taxation.

I hope we are not looking to introducing austerity measures to increase goverment revenue.


I can swear you are an accountant


I'm actually not an accountant. I just summarized what was commented on these clips -I should have indicated so :)

Clip 1

Clip 2


An Accountants opinion. I await to hear what the money is intended to do. U have to use money to make money
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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itz
#5 Posted : Tuesday, June 12, 2012 8:44:01 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
am hoping someone becomes honest with Kenyans and tells them the country cannot afford the new form of government
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Ali Baba
#6 Posted : Wednesday, June 13, 2012 9:00:07 AM
Rank: Member

Joined: 8/29/2008
Posts: 573
ITZ:You are mistaken!! Kenya govt can afford Shs 1.4T budget.What of oil in turkana?? Simply put,borrow money till the oil starts flowing in 6yrs.As simple as ABC.....
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ralp_mutu
#7 Posted : Wednesday, June 13, 2012 10:36:31 AM
Rank: Member

Joined: 3/26/2012
Posts: 232
Location: Nairobi
Ali Baba wrote:
ITZ:You are mistaken!! Kenya govt can afford Shs 1.4T budget.What of oil in turkana?? Simply put,borrow money till the oil starts flowing in 6yrs.As simple as ABC.....


But the public rate its at 51% of GDP capped by the constitution. So the idea of borrowing Nah..

Just expect widening tax rates from Githae
My folks told me that my very first word was 'billionaire'
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eboomerang
#8 Posted : Wednesday, June 13, 2012 11:58:00 AM
Rank: Member

Joined: 6/27/2011
Posts: 301
Location: Nairobi
ralp_mutu wrote:
Ali Baba wrote:
ITZ:You are mistaken!! Kenya govt can afford Shs 1.4T budget.What of oil in turkana?? Simply put,borrow money till the oil starts flowing in 6yrs.As simple as ABC.....


But the public rate its at 51% of GDP capped by the constitution. So the idea of borrowing Nah..

Just expect widening tax rates from Githae



In addition, if we really know that we shall gain revenue from Oil, why can't we wait until the exploration activities begin generating revenues and in that case we will be in a position to support our growth organically without having to incur extra capital costs which are converted into tax ?

This will be a retrogressive move, it will most likely lead to increase in corporate tax which will again detract potential investors. We will have managed to create a stalemate and a Greeceey situation.
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  | | Edit by user: Wednesday, June 13, 2012 12:04 PM | Reason: Not specified
mnandii
#9 Posted : Wednesday, June 13, 2012 4:03:57 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
itz wrote:
am hoping someone becomes honest with Kenyans and tells them the country cannot afford the new form of government


The County gov. are going to take some of the functions performed by the National gov. currently so the issue of affordability does not arise.

Also note that the county gov. as designed will be centres of production so more profit centres.

NB: Currently a minister has too many roles if you ask me. Imagine earning out of being an MP, a cabinet minister and possibly some other functions e.g directorships. So really the new system of gov. should create more jobs for more pple?smile
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.
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Ms Mkenya
#10 Posted : Wednesday, June 13, 2012 4:44:17 PM
Rank: Veteran

Joined: 5/13/2010
Posts: 869
Location: Nairobi
I am just hoping that whatever they plan to do:-
1. Does not increase my taxation
2. Does not make me pay more for basics
3. Allows me to invest easily
4.MP's pay hefty taxes, commensurate to their perks. And that they send off packages are taxed too. Pretty much like any bonus a normal Kenyan gets!
....above all, to stand.
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