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Henry Rotich should go home!
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Swenani
#1 Posted : Sunday, December 06, 2015 3:57:40 PM
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Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Why?

Apart form protecting kenyans from obesity, diseases and traffic jams thorugh the recently introduced excise Act, Here are the reasons why Rotich should go back to the hole he came from.
1.After the Kibaki working hard to bring teh ratio of public debt from 78% of GDP in 2000 to a record low of 42% in 2012/2013, This man has worked very hard to ensure that we are currently is at 55%of GDP
2.The fiscal deficit was 5% but currently stands at 8%
3.EURO bond cannot be explained coherently.
4.Moneypulation of interests
5. Mismanagement of public finances(the cash crises,use of debt to pay for recurrent expenditure,weak KES,poor projection of revenues against the actuals)
6. Baba has said so
If Obiero did it, Who Am I?
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jmbada
#2 Posted : Monday, December 07, 2015 9:07:48 AM
Rank: Member

Joined: 1/1/2011
Posts: 396
Swenani wrote:
Why?

Apart form protecting kenyans from obesity, diseases and traffic jams thorugh the recently introduced excise Act, Here are the reasons why Rotich should go back to the hole he came from.
1.After the Kibaki working hard to bring teh ratio of public debt from 78% of GDP in 2000 to a record low of 42% in 2012/2013, This man has worked very hard to ensure that we are currently is at 55%of GDP
2.The fiscal deficit was 5% but currently stands at 8%
3.EURO bond cannot be explained coherently.
4.Moneypulation of interests
5. Mismanagement of public finances(the cash crises,use of debt to pay for recurrent expenditure,weak KES,poor projection of revenues against the actuals)
6. Baba has said so

1. What's the correct ratio of Public Debt to GDP? All qualified, working analysts say that there's no cause for immediate alarm.
2. What's the right amount of fiscal deficit for a country that's a net importer?
3. Euro bond has been explained coherently, and repeatedly in multiple forums, including both houses of parliament and now published on the treasury website.
4. Sielewi...but Budgeting has now been moved to Office of Prezzo, I believe
5. What cash crisis (no one lends to GOK at 9% if there is a cash crisis); weak KES vs USD is a global phenomenon for all comparable currencies (it's actually performed better than the Euro); revenues are dependent on tax collections (can't predict how well or badly businesses will do in a certain year, even business owners themselves miss their own projections)
6. Okey
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Swenani
#3 Posted : Monday, December 07, 2015 9:50:58 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
jmbada wrote:
Swenani wrote:
Why?

Apart form protecting kenyans from obesity, diseases and traffic jams thorugh the recently introduced excise Act, Here are the reasons why Rotich should go back to the hole he came from.
1.After the Kibaki working hard to bring teh ratio of public debt from 78% of GDP in 2000 to a record low of 42% in 2012/2013, This man has worked very hard to ensure that we are currently is at 55%of GDP
2.The fiscal deficit was 5% but currently stands at 8%
3.EURO bond cannot be explained coherently.
4.Moneypulation of interests
5. Mismanagement of public finances(the cash crises,use of debt to pay for recurrent expenditure,weak KES,poor projection of revenues against the actuals)
6. Baba has said so

1. What's the correct ratio of Public Debt to GDP? All qualified, working analysts say that there's no cause for immediate alarm.There is no ration but rathing it should be dependent on the GDP growth as well as ability to repay. Currently we are borrowing to repay debts and our target revenues have been off the mark for the past two years and our fiscal deficit continues to grow
2. What's the right amount of fiscal deficit for a country that's a net importer?-The treasury with its qualified analysts as stated above has set the deficit at 5%
3. Euro bond has been explained coherently, and repeatedly in multiple forums, including both houses of parliament and now published on the treasury website.-providing a budget allocation is not an explanation and failing to reconcile external borrowing,domestic borrowing to actual budget allocation doesn't seem to be coherent to me
4. Sielewi...but Budgeting has now been moved to Office of Prezzo, I believe-Any evidence through any law passed in gazetted law? as per the PFM Act,budgeting is a role of National treasury unless, the treasury has been moved to the OP
5. What cash crisis (no one lends to GOK at 9% if there is a cash crisis); weak KES vs USD is a global phenomenon for all comparable currencies (it's actually performed better than the Euro); revenues are dependent on tax collections (can't predict how well or badly businesses will do in a certain year, even business owners themselves miss their own projections)-ehe,go on,tax collections are dependent on what?The government( hope we are referring to the Kenyan Govt here) through Rotich himself admitted there was a cash crunch in October
6. Okey-At least we have agreed on somethingsmile
If Obiero did it, Who Am I?
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