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Forum => Kenya Discussion => Topic started by: Kadudu on October 16, 2019, 12:44:45 PM

Title: Jaindi Kisero - Treasury, MPs got us into debt hole
Post by: Kadudu on October 16, 2019, 12:44:45 PM

Our local economist here on this forum, Pundit will have to wriggle himself out of this. Parliamnet with its naive members appoved a budget with a deficit of Sh635 billion. :o :o :o :o
I always say MPs mandate is to check on the Executive and not getting involved with matters like CDF. Guys had no idea what bill they passed through parliament.

Quote

You can’t insist that your debt levels are sustainable in one breadth and in the next minute publicly admit that you have broken limits and ceilings stipulated by your own laws.

https://www.nation.co.ke/oped/opinion/Treasury--MPs-got-us-into-debt-hole-/440808-5312700-i8lr7k/index.html

Title: Re: Jaindi Kisero - Treasury, MPs got us into debt hole
Post by: RV Pundit on October 16, 2019, 03:33:48 PM

As a lower middle income country we should borrow upto 70%...we are around 60B..still another 10b buffer...next year the economy will have grown to nearly 110B..