Broke Treasury- Easiest way was to go after dynasties wealth...

[gout]

All these will be rewarding crony capital and the entrenched dynasties whie punishing the poor further.

Why should lowly paid staff be the ones to pay for the sins of dynasties while we continue to subsidise these dynasties? Where will money for golden handshakes come from??

What to deregulate ? https://nipate.net/index.php?topic=14901.0 , cut taxes from corporate, excise, vat to payroll taxes. Spending, every ministry has bloated budget and is over staffed.

[hk]

All these will be rewarding crony capital and the entrenched dynasties whie punishing the poor further.

Why should lowly paid staff be the ones to pay for the sins of dynasties while we continue to subsidise these dynasties? Where will money for golden handshakes come from??

What to deregulate ? https://nipate.net/index.php?topic=14901.0 , cut taxes from corporate, excise, vat to payroll taxes. Spending, every ministry has bloated budget and is over staffed.

Recovering stashed petrol dollars is easier in a commodity export driven economy. State capture in kenya as per ndii is mainly regulatory capture meaning unwinding the regulatory framework would reduce crony capitalism.  Its actually the reason why lucid ndii suggested to amnesty on corruption. Severance pay is one time payment that reduces recurrent payments which is kenya's biggest fiscal problem. The government is running out of options, borrowing cost is escalating and tax collection can't plug the gap. 

[sema]

Its actually the reason why lucid ndii suggested to amnesty on corruption. Severance pay is one time payment that reduces recurrent payments which is kenya's biggest fiscal problem. The government is running out of options, borrowing cost is escalating and tax collection can't plug the gap.

How would an amnesty stop the extreme greed of people in Kenya?

And when you say the government is running out of options, Ndii doesn't think so (he seems to think his plan will work)

[Georgesoros]

We are all Kenyans, so the thinking that what affects govt wotn affect everyone is like saying my infected toe wont affect the rest of the body. Unfortunately, the people who are supposed to make policy are not very wise. That is the reason investors are losing faith in govt. Cutting spending to generate growth is the right thing. It is like losing weight.

[RV Pundit]

Ndii speak for many of us

You dont know how often I find myself wishing we had let dynastic brats stay to take us down Sri Lanka so we can have a proper revolution. I would much rather be beheading the imbeciles than cleaning up their sh** https://t.co/0zFUwFrqpw

— David Ndii (@DavidNdii) April 8, 2023

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[hk]

Its actually the reason why lucid ndii suggested to amnesty on corruption. Severance pay is one time payment that reduces recurrent payments which is kenya's biggest fiscal problem. The government is running out of options, borrowing cost is escalating and tax collection can't plug the gap.

How would an amnesty stop the extreme greed of people in Kenya?

And when you say the government is running out of options, Ndii doesn't think so (he seems to think his plan will work)

Which plan is that?

[RV Pundit]

http://year.It further rose to 29.4 per cent (Sh497 billion) and Sh503.9 billion in the 2020-2021, now 30% +

CBC just added another 93B - with 30K new teachers and money to build schools.

This big problem - that require a solution - 33% budget spend on educating kids is commendable but unsustainable.

[patel]

These people demonstrate for a month now they are wondering how come the country is broke. Bure kabisa

[RV Pundit]

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[hk]

Spooked debt market will either demand high yields on longterm debt to the tune of 18% or shortterm debt with yields of 12-14% which will exacerbate refinancing cost. Mind you government isn't retiring debt only refinancing. Anyone who's reliant on government will be in dire financial straits. 

[RV Pundit]

What is the alternative for Banksters or pension funds - now the gravy train in forex has been shut (spread now is 5 shs) - and I see coop reduced lending to 13%. Most banks despite being allowed to raise interest rate - are stuck with 15% - as aggressive SACCOs - offer 11%. So awash with depositer/investment cash - they have little option - or watch their money eaten by inflation.

They either lend kenya gov at 14% or lend the private sector at 13% - and contend with NPL at 13%.

Spooked debt market will either demand high yields on longterm debt to the tune of 18% or shortterm debt with yields of 12-14% which will exacerbate refinancing cost. Mind you government isn't retiring debt only refinancing. Anyone who's reliant on government will be in dire financial straits. 

[hk]

What is the alternative for Banksters or pension funds - now the gravy train in forex has been shut (spread now is 5 shs) - and I see coop reduced lending to 13%. Most banks despite being allowed to raise interest rate - are stuck with 15% - as aggressive SACCOs - offer 11%. So awash with depositer/investment cash - they have little option - or watch their money eaten by inflation.

They either lend kenya gov at 14% or lend the private sector at 13% - and contend with NPL at 13%.

Spooked debt market will either demand high yields on longterm debt to the tune of 18% or shortterm debt with yields of 12-14% which will exacerbate refinancing cost. Mind you government isn't retiring debt only refinancing. Anyone who's reliant on government will be in dire financial straits. 

Coop is a sacco bank, if I were a trader I'd short the stock. The bank is reliant on civil servants , that's a treacherous position to be in.  Treasury will most likely will tilt its debt offering to short term and the banks will feast on that.

[RV Pundit]

Saccos are everywhere in kenya - both civil and private sector employees belong to one.
Banks have very little places to park money.
I think Kenya gov should just put down their feet - like they did in forex market - and banksters will bend over.
Again they can lend to gov at 15% risk free - or lend private sector 15% minus 15% NPL
In short, gov has them by their balls.

Only a conflicted gov like we had with Uhuru would kowtow to banksters.

Gov need to play hard-ball - on interest rates - there is no where else they will take their money.

It is better to delay payments - than raise interest rates to 18 percent - that would be insane.

Coop is a sacco bank, if I were a trader I'd short the stock. The bank is reliant on civil servants , that's a treacherous position to be in.  Treasury will most likely will tilt its debt offering to short term and the banks will feast on that.

[hk]

Saccos are everywhere in kenya - both civil and private sector employees belong to one.
Banks have very little places to park money.
I think Kenya gov should just put down their feet - like they did in forex market - and banksters will bend over.
Again they can lend to gov at 15% risk free - or lend private sector 15% minus 15% NPL
In short, gov has them by their balls.

Only a conflicted gov like we had with Uhuru would kowtow to banksters.

Gov need to play hard-ball - on interest rates - there is no where else they will take their money.

It is better to delay payments - than raise interest rates to 18 percent - that would be insane.

Coop is a sacco bank, if I were a trader I'd short the stock. The bank is reliant on civil servants , that's a treacherous position to be in.  Treasury will most likely will tilt its debt offering to short term and the banks will feast on that.

Government is more desperate than banks, let the government withdraw from the market and see what happens.

[RV Pundit]

It's a game of who blink first. Let see how it pans out in the next few months. Ruto has to lay the ground rules early like kibaki did. He must take hard decisions. He has 5 or 10yrs - so anything stupid he does know - will hurt him next year.

Government is more desperate than banks, let the government withdraw from the market and see what happens.

[Georgesoros]

It's a game of who blink first. Let see how it pans out in the next few months. Ruto has to lay the ground rules early like kibaki did. He must take hard decisions. He has 5 or 10yrs - so anything stupid he does know - will hurt him next year.

Government is more desperate than banks, let the government withdraw from the market and see what happens.

You are right. He has to lay the ground rules, but the only people who currently see these rules as positive are supporters. Kibaki appointed professionals, and all worked as a team, while Ruto has appointed Kindikis and all others that is as stupid stuff like Gachagua. No intelliegnce left. As a result, investors have lost confidence.

[sema]

Which plan is that?

Reducing government borrowing to basically zero.

Expanding the tax base (no special tax subsidies for the dynasties)

Spending whatever is left on agricultural production.

[RV Pundit]

Kindiki is law professor - with Phd in law and has taught in major universities. What make you think he is NOT intelligent? Personally I think you're one of dumbest folks we got here. Always shooting from the hip without slightest idea of what is going on..except the niece and nephews without jobs.

You are right. He has to lay the ground rules, but the only people who currently see these rules as positive are supporters. Kibaki appointed professionals, and all worked as a team, while Ruto has appointed Kindikis and all others that is as stupid stuff like Gachagua. No intelliegnce left. As a result, investors have lost confidence.

[RV Pundit]

Something is wrong - if bank would lend at this rate - and still make money
https://www.businessdailyafrica.com/bd/markets/capital-markets/average-lending-rate-crosses-13pc-for-first-time-since-2018-4193790

[gout]

If Kenya is this poor to pay 700,000 public servants, how come dynasties are stinking rich? Plunder of the state=State capture. Full stop.

Solution= Make them pay not the poor to pay even further.

Pending question = HOW? State capture, taxes = Maandamano. Economy tanks further. Handchieth. More Quarrels.

Another ask: Can we clean the mess and behead the dynasties simultaneously.

For now, Hasla has chosen to be the bigger man. Results are OUT.

https://nation.africa/kenya/news/salary-delays-tighten-your-belts-state-tells-civil-servants-4193722