The next president will inherit a bankrupt country

[Arcadian_Dreamer]

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The national debt is projected to increase by Sh750 billion in the next 10 months. That is Sh2.6 billion a day.

At this rate, parliament budget experts estimate that, by 2022 when President Uhuru Kenyatta leaves office, the debt could hit Sh9.2 trillion — more than three times the total annual budget.

They anticipate little borrowing space beyond three years because of a statutory ceiling of Sh9 trillion, which implies this could be the first crisis for President Kenyatta’s successor in 2022.

This is ominous! Our futures at stake.

There is a high chance we default, I simply can't see any path forward. They will tax to the hilt which will depress business sentiment which then further reduces tax intake.

[Kadudu]

Of course the country is already broke today. We are living on borrowed time. The country has been on ICU for some years since Kibaki left. UhuRuto has been a disaster for the country economically and morally. The most corrupt regime since 1963. Let Arap Mashamba fianally bury the country after 2022.

[RV Pundit]

Yes very likely with COVID-19 that we will hit 100% debt to gdp. Right now we have 30b buffer but economy will probably tank this year.

[RV Pundit]

Ruto will turn the fortunes of this country around so quickly you won't believe it. There is a lot of scope for improvement. We saw Ruto did the same in his ministries and Jubilee 1.0. What is needed is decisive on the deck leadership.

If you audit some of the debts - it useless public gurantees to for example like sugar companies (probably 1B dollars) - fix that by selling it for 1 dollar to the RAIs like we for Webuye Panper. Let the RAIs...take over the debt...and work their magic.We have nearly 1B dollars(700M) guranteed to Kenya Airways under EXIM bank. Strong leadership can delete such debt easily. Let KQ sell all those planes and go home if they cannot pay debt.

Of course the country is already broke today. We are living on borrowed time. The country has been on ICU for some years since Kibaki left. UhuRuto has been a disaster for the country economically and morally. The most corrupt regime since 1963. Let Arap Mashamba fianally bury the country after 2022.

[Arcadian_Dreamer]

Yes very likely with COVID-19 that we will hit 100% debt to gdp. Right now we have 30b buffer but economy will probably tank this year.

Yeah Covid further decimated the economy. To think it was all so good just a few years ago during Kibaki's reign. We were in good shape fiscally. Until Jubilee kleptocrats started plundering this country in conjunction with the CCP.

Prevailing depreciation of the Kenya shilling exchange rate presents a new but potent risk to external debt service and requires closer monitoring,” it says.

Loan repayment has gobbled up half the revenue generated this year. Debt servicing expenditures will gobble up 50% of revenues similarly this year.

SGR is still a black hole eating up Sh40Bn at least that is what they admit real figure probably much higher.

[Arcadian_Dreamer]

Ruto will turn the fortunes of this country around so quickly you won't believe it. There is a lot of scope for improvement. We saw Ruto did the same in his ministries and Jubilee 1.0. What is needed is decisive on the deck leadership.

If you audit some of the debts - it useless public gurantees to for example like sugar companies (probably 1B dollars) - fix that by selling it for 1 dollar to the RAIs like we for Webuye Panper. Let the RAIs...take over the debt...and work their magic.We have nearly 1B dollars(700M) guranteed to Kenya Airways under EXIM bank. Strong leadership can delete such debt easily. Let KQ sell all those planes and go home if they cannot pay debt.

Jubilee 1.0 gave us SGR, enough said. That is when the rain started beating us.

We need people who've ran successful businesses as leaders in this country. It should be a prerequisite.

If you've ran a business you will not burden small businesses with taxes and regulations.

[RV Pundit]

You can't pick profit motivated private sector individuals to run public sector or non profit..totally different mindsets .We need people like Ruto with give experience and some success.While you're looking at bottom line in money terms in public sector the bottom line is different...its impact of policy on services and general good

[KenyanPlato]

Economy seems to be holding out well despite covid. I think it has to do with the fact that 67% of kenyan economic activity are agriculture related..Gok is still spending like there is no tomorrow

[RV Pundit]

The unprecendeted rains for last 5yrs has seen agricluture growth and economic growth. However agricluture is largely untaxed - so tax revenues have not kept pace with GDP. Right now we should have revenues at 30B dollars...we are stuck at 20B...and this year it could come further down to even 15B.

Things are elephant - and drunkard of Ichaweri just woke up - too late.

But Ruto will fix this.....Kenya need someone with the brains of Meles Zenawi..who took Ethiopia from famine infested country...literally the last in every imaginable index...and turned it around in a generation. Meles was a gift to Ethiopia. Brilliant as a whip. Left med school to go fight. Brilliant, Passionate and a Leader.

So our problems are shadow..

Museveni found Uganda that has been torned apart by 20yrs of war.

Kagame found a country that had killed 1M people in a country of less than 10M. That is like killing 5M kenyans. And more were killed in Congo.

And he has turned the fortunes of the country.

A country need a PASSIONATE LEADER who is INTELLIGENT. Moi had passion - but lack the brains.

Ruto brings the complete package.

A leader that can wake up at 5AM and sleep past midnight working hard to fix the country problems - holding marathon meetings - removing blockers - a leader who truly cares.

Not a mlevi like Uhuru or old imbecile like Kibaki. KIbaki was great in 60-90s (my father was his greatest fan) - but he was not natural leader. He is arguably as intelligent as Meles zenawi...more intelligent than Museveni and Kagame..but he was never a leader...like Ruto or Moi are natural leaders.

Get Ruto in a room with these idiots..and Ruto will tear them apart...that is why Ruto did PHD and Master while at ICC and working as president. Ruto had come tops of his Bsc in Nairobi and was awarded scholarship - that he abandoned as his talents, oratatory skills and organization - was taped by KANU.

The guy has unimaginable passion, energy and zeal. Not even billions he has will slow him down. The guy rolls out facts from his head. His unwritten speech has more factoids than a written speech from the usual idiots. Even Hillary Clinton had to ask who hell was the guy when Ruto gave unwritten speech in agricluture meet under her presence.

First rule - passion. If you cannot wake up at 5 am to work on your job  and sleep past midnight- you have no passion for the job.

And without passion - everything else is downstream. Kibaki delegation is nonsense. He found a country that was at bottom - and any idiot would bring it up to where he left. Delegation that looks like everything off burnt the country 5yrs late - and economy went back to 2% like Moi era.

Raila is probably the worse - a lazy idiot with rehearsed speeches - whom even his friend admit CANNOT RUN ANYTHING. Zero organization skills, zero follow up. He just has burning passion to become PORK ..to fulfil his father dream..that he consider a weakling. That wakes him up. But he has no time for daily grind that leadership demand. Museveni has done this for 35yrs and is NOT TIRING SOON.

Economy seems to be holding out well despite covid. I think it has to do with the fact that 67% of kenyan economic activity are agriculture related..Gok is still spending like there is no tomorrow

[RV Pundit]

Some Meles Zenawi interviews..arguably Africa best leader in last century. Should be complusory watch for 98% of the idiots here.

[RV Pundit]

Magufuli despite his Phd is another Moi. An educated idiot.

Intelligence or brilliance is important because leadership is about policy making at it core (Kibaki could do this) but more important is execution of policy (Umagufuli).

Meles examplifies  the best - the brilliance higher than kibaki - passion better than Moi. If he lacked leadership - he had dictatorship - to rail road idiots from time wasting and derailing.

Ruto has shown the signs he could be our Meles Zenawi.

Meles Zenawi never went to any economic school -he dropped out of university - he left Med School to fight Megistu - but what is important is the IQ (not PHD like Magufuli).

Bill Gates never completed university - but is definitely one of most intelligent humans alive.

Passion, Leadership plus extremely high IQ is rare gift that lift  a country.

If you're not a leader - then become a dictator - or hope to be one.

Leadership is  the ability to dictate people democratically to move towards a policy position with as little resitance . Passion is the ability to follow through....daily until it's done.

It's rare to find such combination. Most high IQ folks have poor leadership skills. Most with leadership skills like Raila have cynical view that they have figured out how to manipulate their followers anyway and have zero passion. They know how to control the public...so why work hard to deliver economic transformation...lots of hard work...just wait and last minute shout NONSENSE LIKE TIBIM>>TIALALA..that nobody even know their literal meaning..or BBI...Kitendawili.

[RV Pundit]

More meles interview.

[RV Kirgit]

You will be proven wrong on magufuli. Probably one of the best leaders in the region.

His work will be speaking for itself in the next decade.

Pundit, it requires some IQ to deconstruct "the coalition of willing"... He's snapping regional deals as we speak.

I seen his pumping Lake Victoria water to his new Dodoma capital as ODMoron keep complaining about dwindling water due to mau forest!

[Arcadian_Dreamer]

You will be proven wrong on magufuli. Probably one of the best leaders in the region.

His work will be speaking for itself in the next decade.

Pundit, it requires some IQ to deconstruct "the coalition of willing"... He's snapping regional deals as we speak.

I seen his pumping Lake Victoria water to his new Dodoma capital as ODMoron keep complaining about dwindling water due to mau forest!

We will be holding you to your word. Magufuli-nomics is clearly not working. Very tyrannical and petty leader - although he reflects the Tanzanian character which is similarly petty and parochial.

I like how he nyoroshas Wachina and Wazungus though. He gets an A grade on that front.

[RV Pundit]

He has the passion and love for his country. He is not very corrupt. The problem he plays around with private sector and foreign investors. Nobody develops doing that. You need to lay the red carpet to private and esp foreign investors. It what Museveni did, it what Kagames does, and what Meles did. And it what kenya has always done - better than Tanzania

There is so much the public sector can do.

And there is space for private sector...and of course for individual citizenship.

Whatever you do - encourage FDI, discourage capital flight and let the private sector do their thing. But Magufuli nationalism and unpredictability means capital will not be flying there - but flying outside - except in areas - where someone has to be really there.

These are folks risking their money - you don't want to play around with that.

You will be proven wrong on magufuli. Probably one of the best leaders in the region.

His work will be speaking for itself in the next decade.

Pundit, it requires some IQ to deconstruct "the coalition of willing"... He's snapping regional deals as we speak.

I seen his pumping Lake Victoria water to his new Dodoma capital as ODMoron keep complaining about dwindling water due to mau forest!

[hk]

While Kenyans are being destructed with hustler and dynasty nonsense, CBK is busy printing money  https://www.standardmedia.co.ke/business/article/2001388819/state-prints-sh15b-in-one-week-to-plug-cash-shortfall and KRA raising taxes https://www.businessdailyafrica.com/bd/economy/kra-raises-tax-on-31-goods-despite-firms-freeze-plea-2457018 . Kenya is clearly in severe debt distress . This is culmination of heavy borrowing, spending on unproductive areas and running high budget deficit.   

[RV Pundit]

Uhuru need to sober up and cut budget to bare minimum.Forget any development and slash recurrent expenditure.Also negotiate with China who caused Corona for debt rescheduling.Time also to sell some of Kenya assets like national oil , Kenya pipeline, safaricom and whatever can get us money

[gout]

Seems counties will shutdown. The senate drama was cover for broke Treasury. Ruto and hustlers need to focus on the economy - yesterday they were all about one teargas. Uhuru cannot sober up unless pushed very hard with clear options. To him is about deals which can bring kickback for him to eat alone.

[RV Pundit]

Yes Uhuru think as long as he has Raila - he can pretty much continue cutting retirement deals for himself. So his focus is how to keep Raila happy by singing BBI. But nature or corona ni nani.

Anyway when you see Borana being given finance ministry; just now the shit is about to hit the fan. Nobody in GEMA is interested in it.

It like during Moi difficult times - he started appointing anyone - including some dude from Busia Maskhalia who use to drive VW bettle.

Gov was so broke there is nothing to loot. Finance minister has huge problem financing the budget. Heck meeting consolidated funds requirements - paying salaries, pensions , debt, and all that.Cyton is not the first to go down - soon even Uhuru himself will not be able to pay up.

Way forward...Uhuru sober up and tell Kenyans the reality that shit has hit the fan - and we need to tighten the belt. Parliament should meet and slash the budget by 1/3 from 30B to 20B dollars.

But he is engaged on a popularity contest with Ruto - launching projects when there are no finances. He thinks GEMA will love him if he launchs project. No it go nothing to do with - it got everything to way he is mismanaging the economy and the politics  - and GEMA people can see he is driving the country into a ditch.

Kibaki did all that - in 2007 - but it didn't helped - because he mismanaged politics.


You cannot start a civil war in your gov and party - and go round - acting like you got your legacy shi.et all together. It aint gonna work. His greatest legacy is to hand over a peaceful stable country. GEMA have refused to be dragged into his personal beef with Ruto.

Seems counties will shutdown. The senate drama was cover for broke Treasury. Ruto and hustlers need to focus on the economy - yesterday they were all about one teargas. Uhuru cannot sober up unless pushed very hard with clear options. To him is about deals which can bring kickback for him to eat alone.

[Arcadian_Dreamer]

While Kenyans are being destructed with hustler and dynasty nonsense, CBK is busy printing money  https://www.standardmedia.co.ke/business/article/2001388819/state-prints-sh15b-in-one-week-to-plug-cash-shortfall and KRA raising taxes https://www.businessdailyafrica.com/bd/economy/kra-raises-tax-on-31-goods-despite-firms-freeze-plea-2457018 . Kenya is clearly in severe debt distress . This is culmination of heavy borrowing, spending on unproductive areas and running high budget deficit.

Zimbabwe here we come!

I said it, borrowing comes with big fiscal risks, I also warned that taxes would be raised significantly to pay our creditors.

There is severe debt distress but the other day we learnt they refused G20 debt relief offer because they would've had to disclose their external debts which are probably higher than admitted.