Wazua
»
Investor
»
Economy
»
Budget 2015/16 2.1Trillion Kshs
Rank: Member Joined: 1/13/2012 Posts: 139
|
The budget to be read today is 20% higher than the last financial year at 2.1 Trillion Kshs. The increase is to be spend in Infrastructure and security where the is a shortfall of almost 500b from funding(tax, grants & Loans). Our debt obligation is at our highest ever as percentage of GDP and having turned Kenya to a net importer, our purchasing power has gone to the dogs.
Brace yourselves Wazuans, Winter is coming!!
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
Winter is here, you just dont see it. 80% of that money will go into someone's pockets. Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Veteran Joined: 3/16/2009 Posts: 1,464
|
|
|
|
Rank: Chief Joined: 5/9/2007 Posts: 13,095
|
What angers me most are the departments/Ministries that returns money to treasury because for a whole year they didn't implement the projects that had been earmarked for a specific year. For every coin that is returned on such ground, it means delayed development. More suffering for wananchi's who couldn't access medicine, markets(eg coz of poor roads), education etc. In the same year that we failed to implement projects, China implements five times more of the same. Then we come around and wonder why we are still poor.
|
|
|
Rank: Elder Joined: 12/6/2008 Posts: 3,586
|
KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets.  I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! Ras Kienyeji Man
|
|
|
Rank: Chief Joined: 5/9/2007 Posts: 13,095
|
Much Know wrote:KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets. I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! Are the counties ones Online too?
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
Much Know wrote:KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets. I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! Hata online itakuliwo tu... possunt quia posse videntur
|
|
|
Rank: Elder Joined: 12/6/2008 Posts: 3,586
|
washiku wrote:Much Know wrote:KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets. I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! Are the counties ones Online too? They can "be forced" to put their tenders on the same platform, sema wepewe mondays, tuesdays kitu kama hiyo, where would the issue with counties using this platform arise? there are too many solutions being sold out there, unless they are preparing to eat and "they" are not one person. Ras Kienyeji Man
|
|
|
Rank: Chief Joined: 5/9/2007 Posts: 13,095
|
Much Know wrote:washiku wrote:Much Know wrote:KulaRaha wrote:Winter is here, you just dont see it.
80% of that money will go into someone's pockets. I'd like to "know" how someone will do this when all tender processes are going to be online. Ama ni kuibiwa ukiangalia tu! Are the counties ones Online too? They can "be forced" to put their tenders on the same platform, sema wepewe mondays, tuesdays kitu kama hiyo, where would the issue with counties using this platform arise? there are too many solutions being sold out there, unless they are preparing to eat and "they" are not one person. I agree they should. My question is whether they are on the IFMIS platform now. If the govt purchases can be centralised in a system accessible easily and transparently by all stakeholders, govt would save a lot of money. First, suppliers would compete openly without the "deal" additions added on top of the actual prize. Two, govt would save through economies of scale by negotiating for discounts from suppliers due to the huge volumes involved. Until that is done, we shall continue buying a pen at 120shillings and a tissue for 500bob per piece; and nothing will ever change. Uhuru started this system when he was a Finance Minister, I hope he see it through in his team as PORK. As someone once said here, eating will be quite hard soon.
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
What KRA need to do is start taxing masufferers just like midro class. No escape...tax and tax properly. Let them feel pain sana then they vote with their brains rather than tribes when they realise how their money gets wasted. Right now those sufferers vote for idiots who do nothing. Business opportunities are like buses,there's always another one coming
|
|
|
Wazua
»
Investor
»
Economy
»
Budget 2015/16 2.1Trillion Kshs
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|