HK - our macro-economic sound & economy to grow by 6%

[RV Pundit]

The last one didn't...so why would this one affect us.

Will USA recession impact Kenya..USA is predicted to enter recession from 2019 or 2020

[hk]

Target collection is 17B - if you include A-I-A & Grants (maybe another 3B dollars) - the debt we are taking is not huge. When economy start tanking, when macro-economic fundamentals start going south - then we can shout. Right now inflation is 3%.CBR rate is 9.5% (ought to be less). Banks are charging (13% for Interest). And beyond that - nobody is complaining - there is free education - now including TIVET --- so kenyans are sending their kids to schools - without selling their cows - there are crazy tarmac opening up - electricity everywhere -  Kenya is DOING EXTREMELY WELL.

It doing extremely Jubilee has NOT solid one single kenyan asset. It been adding more equity in KQ, Mumias, Uchumi and other failing companies. Kibaki sold many including Safaricom.

If we ever get distressed....we can sell safaricom shares... 35% of nearly 12B dollars.....is nearly 500B Kshs - that should pay off  a lot of loans. In fact Uhuru should sell those safaricom shares...Treasury is minting 40B every year from Safaricom with divided a small part of it....so sell it and build more roads, more railways, more pipelines, more public investment.

To pay the debt the government is increasing taxes on already overtaxed taxpayers https://www.businessdailyafrica.com/economy/Consumer-tax-pain-in-Rotich-s-Sh3trn-budget/3946234-4611516-153y0lk/index.html . The growth that was premised on the expenditure incurred hasn't materialized yet Rotich is doubling down on more debt. Last year budget was $26b a year later $30b, kra will collect about $16b so $14b has to be borrowed. The bulk of that will be used to rollover debt, meaning the government will be crowding out private sector and high interest will be persistent. This will be like a horror economic movie. Rising crude oil, vat on petroleum, high inflation, high interest rates. And there is uhuru's legacy.

If things are so rosy why is Rotich scrambling to tax everything? Its because kra isn't collecting enough to pay debt and recurring expenditure.  If core inflation is only 3%, the only reason why lending rates are at 13.5% is because of lack of liquidity. Government is absorbing all the liquidity by borrowing locally which is reason why rates remain high. How come the supposedly investment done by jubilee the economy is still sputtering? Now its time to pay back for all that debt indulgence.

[RV Pundit]

Investment =GDP growth - and that is not spluttering. We cannot afford to be anything but ambitious. We need to have big deficits, borrow more, set more ambitious target for KRA and generally make Rotich job of financing the budget hell. These are long term investments -- and we are borrowing long-term.

If things are so rosy why is Rotich scrambling to tax everything? Its because kra isn't collecting enough to pay debt and recurring expenditure.  If core inflation is only 3%, the only reason why lending rates are at 13.5% is because of lack of liquidity. Government is absorbing all the liquidity by borrowing locally which is reason why rates remain high. How come the supposedly investment done by jubilee the economy is still sputtering? Now its time to pay back for all that debt indulgence.

[Globalcitizen12]

In longer-term we are all dead..yesterday I was talking to kids aged 9 to 12..I told them unfortunately by their 60th birthday most of them will have to contend with a future of no humans on Earth. I told them humans will have to evolve real fast fo adopg to climate change...the long-term is here and now..in 40 years Kenya will have an aging majority or elxsrly majority...pondef that Mr savant