With dynasties purge window closed next to close will be retrenchment

[gout]

• Tweet

A shutdown/collapse of counties except a few with some good internal revenues?

Public servants eventually strike. Teachers.

Then a default eventually.

Next six months will teach Hasla about consequences of fear.

[Kadudu]

At least you have seen the light. That dynasty purge was never coming.

[gout]

There has to be consequences.

At least you have seen the light. That dynasty purge was never coming.

[RV Pundit]

Yes Ruto will regret not going for them..he will carry blame. Now we should have someone eating raw beans

[sema]

Where is Ndii? and what is his position on these issues? the default? the refusal to go after dynasties? will Ndii last? Ndii was warned to never trust politicians.

[hk]

Crushing dynasties is going after regulatory capture(state capture) if there's any. "Dynasties state capture " is just a boogeyman to avoid real structural changes that were needed immediately kk got to power. Major cuts were necessary just to right the ship and spur broad based growth. instead of cutting spending they increased or maintained high spending. Now the markets have been spooked https://www.bloomberg.com/news/articles/2023-04-24/investors-are-unloading-kenyan-bonds-as-default-fears-rise and shilling continues to depreciate https://www.bloomberg.com/quote/USDKES:CUR#xj4y7vzkg
Ndii previous solutions for public debt

1.  Contain.
2. Restructure
3. Grow out of it https://t.co/Pid560efV5

— David Ndii (@DavidNdii) June 29, 2017

, Its clear now kenya isn't able to contain it or grow out of it. The other option will be restructure(default).  Budget cuts to reduce discretionary spending would reduce wastage, every ministry stripped to a absolute minimum, then cuts on recurrent expenditure(over staffing). This would ease pressure on local debt giving private sector much needed affordable credit growth.

[Georgesoros]

the only reason they cant grow out of it is because there is lack of confidence in govt.
By the was the "dynasty" bogeyman is just a political stunt.

Restructring will be the best. Cut every ministry by 5%. Get rid of political hidings to start

[hk]

the only reason they cant grow out of it is because there is lack of confidence in govt.
By the was the "dynasty" bogeyman is just a political stunt.

Restructring will be the best. Cut every ministry by 5%. Get rid of political hidings to start

Lack of confidence in govt is due to its inability to make tough decision. There's no hard choices that were made. Its either a government voluntary make tough decisions or forced by market and circumstances to make them.
Its time for big bang economic reforms similar to 1993 mudavadi reforms.

[RV Pundit]

Yes Ruto has to take hard decisions now

[gout]

Dynastic state capture is real and tangible.  Land. Debt register- Foreign and Domestic loans. Milk sector. Books publishing. Mafya/KEMSA/Mobile clinics/ Medical supplies to counties. Unga/Fuel subsidies.     

Reason why when a sheep is evacuated from Northlands dynasties and their enablers start wailing.

[Kadudu]

Who told you William Ruto is not part of it?

Dynastic state capture is real and tangible.  Land. Debt register- Foreign and Domestic loans. Milk sector. Books publishing. Mafya/KEMSA/Mobile clinics/ Medical supplies to counties. Unga/Fuel subsidies.     

Reason why when a sheep is evacuated from Northlands dynasties and their enablers start wailing.

[gout]

He told us. Gachagua dreams it. Ndii wrote it in the manifesto.

Who told you William Ruto is not part of it?

Dynastic state capture is real and tangible.  Land. Debt register- Foreign and Domestic loans. Milk sector. Books publishing. Mafya/KEMSA/Mobile clinics/ Medical supplies to counties. Unga/Fuel subsidies.     

Reason why when a sheep is evacuated from Northlands dynasties and their enablers start wailing.

[sema]

Its clear now kenya isn't able to contain it or grow out of it. The other option will be restructure(default).

So, what are you saying here? Is it an either or option?

Either Default like Ghana (& Ndii has said no to this)

or

Extreme budget cuts? and ruto has to make these extreme cuts

[Kadudu]

All signs point at default. The US$ 2B Eurobond due next year June will break the economy. Even if rescheduled, the interest rates will be crazy. Best is default and negotiate with lenders unwilling to loose it all. let us follow our broke Ghanaian brothers.

So, what are you saying here? Is it an either or option?

Either Default like Ghana (& Ndii has said no to this)

or

Extreme budget cuts? and ruto has to make these extreme cuts

[Nowayhaha]

Wanjigi said we are in a debt trap . There is no solution than to get another debt and pay off the debt , deffer the problem for another 5 years

[RV Pundit]

Default is nuclear option. Ruto should refuses to do that.

[hk]

Meanwhile treasury keeps increasing budget size https://www.businessdailyafrica.com/bd/economy/inside-ruto-s-first-sh3-6-trillion-budget-taxation-plans--4215618 , So kra will collect 17% more and the economy is project to grow at 5.2% primarily to due increased rainfall? This economy isn't about to recover anytime soon. Btw kra is bound to miss its collection target this financial year.

[RV Pundit]

Look like they are betting on tax arrears and interest waive to unlock 1.5 trillion locked there.

Meanwhile treasury keeps increasing budget size https://www.businessdailyafrica.com/bd/economy/inside-ruto-s-first-sh3-6-trillion-budget-taxation-plans--4215618 , So kra will collect 17% more and the economy is project to grow at 5.2% primarily to due increased rainfall? This economy isn't about to recover anytime soon. Btw kra is bound to miss its collection target this financial year.