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Forum => Kenya Discussion => Topic started by: RV Pundit on June 12, 2025, 10:42:45 AM

Title: GoK is now awash with MONEY
Post by: RV Pundit on June 12, 2025, 10:42:45 AM: NSSF seem to have kitu 250B sitting idly.
Housing Fund has kitu 100B sitting idly
SHIF is going to be kitu 150B busy financing hospital.
Chirchir has unlocked 175B from securitizing

Yaani without even talking taxes

GOK has now 1 trillion almost in free money!
Title: Re: GoK is now awash with MONEY
Post by: Kadudu on June 12, 2025, 12:52:56 PM: Maybe that is money only for Kales. Otherwise I hardly know a person that is not complaining about lack of business in Kenya today.

Quote from: RV Pundit on June 12, 2025, 10:42:45 AM
NSSF seem to have kitu 250B sitting idly.
Housing Fund has kitu 100B sitting idly
SHIF is going to be kitu 150B busy financing hospital.
Chirchir has unlocked 175B from securitizing

Yaani without even talking taxes

GOK has now 1 trillion almost in free money!
Title: Re: GoK is now awash with MONEY
Post by: RV Pundit on June 12, 2025, 02:33:55 PM: Money is sitting on the banks - it need to be released
Quote from: Kadudu on June 12, 2025, 12:52:56 PM
Maybe that is money only for Kales. Otherwise I hardly know a person that is not complaining about lack of business in Kenya today.
Title: Re: GoK is now awash with MONEY
Post by: Kadudu on June 12, 2025, 03:48:25 PM: Eng. Oscar Sudi EGH told you so?

Quote from: RV Pundit on June 12, 2025, 02:33:55 PM
Money is sitting on the banks - it need to be released
Title: Re: GoK is now awash with MONEY
Post by: gout on June 12, 2025, 04:38:22 PM: These are wage bill management tactics. Counties and government agencies never remit these deductions due to Treasury cash crunch.

September 2024

Quote
Treasury Cabinet Secretary John Mbadi is setting up a team to verify claims that an estimated Sh90.3 billion pension savings for county staff had not been remitted to manager schemes.

The Retirement Benefits Authority (RBA), the industry regulator, said the accumulated funds had been deducted from the workers' payslips in the devolved units as of March 2024, but had not been remitted to the pension trusts.
https://www.businessdailyafrica.com/bd/economy/mbadi-taskforce-to-verify-unremitted-county-pension-cash-4767000

Quote
State corporations, government owned enterprises and semi-autonomous agencies' unremitted deductions to the NSSF and NHIF more than tripled to Sh716 million in the fiscal year ended June from Sh215 million a year earlier.

https://www.businessdailyafrica.com/bd/economy/defaults-to-nssf-nhif-by-state-firms-triple-to-sh716m-4756448
Title: Re: GoK is now awash with MONEY
Post by: KenyanPlato on June 12, 2025, 04:43:10 PM: https://x.com/SokoAnalyst/status/1933041450876387716?t=O0M6KNOvYgPvEkqluBZmkA&s=19
Title: Re: GoK is now awash with MONEY
Post by: RV Pundit on June 12, 2025, 05:33:16 PM: NSF had 320B collected in 6 decades.
In 2yrs it has collectd 280B - more than 6 decade.
By 2027 - it will be 1 trillion.

NSSF will be able to fund big things.