What The New Budget Figures Reveal About Government Austerity: Ramah Nyang
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- Опубликовано: 8 сен 2024
- Ramah Nyang: Business Journalist
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Most Kenyans have never had enough money to "budget." Most of us lurch from financial crisis to financial crisis relying on wellwishers to fill the gap (or alcohol to design an illusion.) The country runs the same way!
Kenya's economy is in ICU. A good case study which we can learn from Georgia, Costa Rica, Colombia, Chile and South Korea economies tightened their fiscal policies and technology advancements for the greater good.
It's not that they don't get it. It's that they don't care because we can't do sh!+
FAAAAAAACTSSS
They think we can do anything. The revolution is here!
Why is Ruto running around Kenya promising the world to Kenyans? CUT SALARIES and PERKS all across govt.
Kudos to Ramah Nyang for his down to earth explanation of this cashcow called Kenya. I think he should be a member of Mbadi's (if he gets the CS job) think-tank group. He knows what he is saying.
Above anything else: fix corruption! Recover the stolen money!
I second that. If we recover the stolen money we will be able to pay off our legal debts with interest and have enough to subsidize electricity so we can encourage investment in local manufacturing.
Who exactly is to fix it???
@@danielnyaga84 since various governments have shown no interest in fixing things, I would suggest that the Gen Zs, Millennials, Gen Xs and any boomers keep up the pressure an not top talking about corruption. It is now or probably never!
@@Boke-ji2ng Yes, we can ….
And we would not have to borrow money in the future if we can change the culture of corruption.
It's weird how Kenya's total debt is like 11 trillion shillings and we pay like 1 trillion in debt repayment since 2 yrs ago but still our debt grows ......in a normal world in 5 yrs our debt should be halfed and manageable as every year we increase money paid to debt by 2 to 3 hundred billion a year......I'm just sick
A country gone to the dogs
CDF is a cash cow for the MPs.
Kwanza hapo kwa busery
@kabuthakabutha9472 With the stolen billions wasted in Kenya, education should be free in Kenya from primary to university. Our health care should be top-notch.
Yep, it's time Kenya discusses the painful debt restructuring. The economy is in a recession KNBS cooks the books
I think they don’t know what to do. Many of the elected leaders have never even ran a successful Kiosk. These people in the parliament and the executive are practicing with Kenya’s economy.
Imagine how much employment could be generated if we put 3Tn (100 Thika Roads) a year into public sanitation, drainage, waterworks, roads, street lighting, building schools, building hospitals and investing in basic welfare (food, shelter & clothing allowance)? The country would begin to look resplendent, the people would have the basics for life and the economy would boom like no one's business! It's not hard to fix Kenya, if your intentions are pure. They are not cutting motorcades and lots of state houses, luxury travel, buying flowers for 25M etc. but they want to cut important things like education. What manner of madness is that? Can they not tell the difference between mission-critical and superfluous spending? Maximum public sector pay should be capped at 3X GDP per capita per month. $4500. That's more than 99% of Kenyans make.
❤❤❤spice FM thank you.
Once upon a time I heard, numbers don't lie. Data doesn't lie. Not true. Data can be used to tell a story or to push a certain perspective or buy-in or whatever.
One has to understand the reliability of the data, the assumptions, the principles etc inorder to make a certain conclusion.
So, what do the numbers tell.....nothing, something, anything and everything. It depends on what you know, what you are looking for and how it's presented. Context is everything.
It’s not just borrowing, it’s partying. And the people don’t care what you want to call yourselves. The people will not buy that any more.
How big is the issue of housing in comparison to the problems in Health and Education sectors? Looks like half the money to be spent on housing can do sort out some urgent needs
Economics has failed to tackle issues that impedes growth and development in economies
Our CS nominees worth tells it all with millions they have. CDF is Carrot for MPs from Executive
Is it stew peedity or is something wrong with some of these shows that purport to bring professionals to these discussions. What is so hard to ask is who the beneficiaries of projects like SHIF and affordable housing are. Who is getting the tenders for cement and all other inputs, and at what price. This would explain why these projects are being pushed through down our throats.
Very true, the opulence is evidence that there is money.
Rama Nyang breaks the figures down and unpacks the numbers,even the most useless mps get the drift and feel the crash of numbers.
The problem is in parliament!! The mps are clueless and the executive is taking the advantage to loot left and right
question of ignorance but logical, all monies paid in expense in Kenya is taxed at point of local payments, what is the impact of this on the budget.?
There is 3.1 trillion shillings in wastage and allowances and fringe benefits for politricktians class enjoy themselves lavishly lifestyles. Ruto ata squeezes hustler nation enjoy serekali yenyu kikuyu nation
Ruto. Saying fake and illuminating promises since 2013. But kikuyu nation swallowed the lies and embraced it. Sasa ruto ata impoverished and destruction and weaken the kikuyu nation kwanza then go entire country. Sasa enjoy serekali yenyu kikuyu nation
Baridi uanza na kichwa.....one reason kenyans freeze like hell