Author Topic: Jaindi Kisero - Treasury, MPs got us into debt hole  (Read 1699 times)

Offline Kadudu

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Jaindi Kisero - Treasury, MPs got us into debt hole
« 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.

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

Offline RV Pundit

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Re: Jaindi Kisero - Treasury, MPs got us into debt hole
« Reply #1 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..