Kenya’s debt ceiling is set to cross Sh9 trillion, new target 12 trillion

[Kadudu]

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Kenya is in shit. Who will pay back this money and when?

https://nation.africa/kenya/business/treasury-mulls-debt-ceiling-boost-as-the-coffers-run-dry-3247286

[gout]

Energetic serfs are coming of age each day. Their energy fuels banks locally and abroad. 

[Nowayhaha]

Kenya is in Big problems, then you have Uhuru and araila telling us BBI is the solution to this mess. Where as BBI roots for devolvi g 35%  of Kenyas revenue and the whole process will cost Kenya around 40 B.

[Kadudu]

Although I do not believe in BBI, I do not see it as Kenya's main problem. Kenya's problem is a basic national one and more deep than just BBI goes. In fact Raila made the biggest mistake to go for the handshake with Uhuru. He should have left the ruling clueless duo to fry in their own fat. Uhuru and Ruto should have never been any where near the presidency.
Giving 35% of the revenue to the counties does not make sense as revenue allocation goes with responsibilities. So what will be devolved to fit in the extra 20% to the counties?

Kenya is in Big problems, then you have Uhuru and araila telling us BBI is the solution to this mess. Where as BBI roots for devolvi g 35%  of Kenyas revenue and the whole process will cost Kenya around 40 B.

[Njuri Ncheke]

Although I do not believe in BBI, I do not see it as Kenya's main problem. Kenya's problem is a basic national one and more deep than just BBI goes. In fact Raila made the biggest mistake to go for the handshake with Uhuru. He should have left the ruling clueless duo to fry in their own fat. Uhuru and Ruto should have never been any where near the presidency.
Giving 35% of the revenue to the counties does not make sense as revenue allocation goes with responsibilities. So what will be devolved to fit in the extra 20% to the counties?

Kenya is in Big problems, then you have Uhuru and araila telling us BBI is the solution to this mess. Where as BBI roots for devolvi g 35%  of Kenyas revenue and the whole process will cost Kenya around 40 B.

Raira is responsible for jubilees failures we have successfully attached that to him and cleansed mzito Ruto. Thats the fact, who can raira blame, Ruto hasn't been in government since last term baba and gatheca are messing up the country

[RV Pundit]

That will already exceed GDP. Who will continue lending to gov of kenya?

[Nowayhaha]

UhuRuto perfomed well in the first term they would have perfomed better in the second government , once Uhuru threw out Ruto and brought Raila into government things went to the south. Priorty was given to Bbi instead of development and other projects

Although I do not believe in BBI, I do not see it as Kenya's main problem. Kenya's problem is a basic national one and more deep than just BBI goes. In fact Raila made the biggest mistake to go for the handshake with Uhuru. He should have left the ruling clueless duo to fry in their own fat. Uhuru and Ruto should have never been any where near the presidency.
Giving 35% of the revenue to the counties does not make sense as revenue allocation goes with responsibilities. So what will be devolved to fit in the extra 20% to the counties?

Kenya is in Big problems, then you have Uhuru and araila telling us BBI is the solution to this mess. Where as BBI roots for devolvi g 35%  of Kenyas revenue and the whole process will cost Kenya around 40 B.

[Kadudu]

That is what I meant with Raila being blamed for Jubilee's failings. Jubilee went on a looting spree way back in 2013 till late 2018. Name me one scandal where the name Raila played a role since 2013?Which CS or even PS in Jubilee government owes his position to Raila?
I want Ruto to be president in 2022. This way I know by 2026 RV and Mt Kenya will be on each other's necks. This is garanteed as Ruto just like his former brother Uhuru is totally incompetent.

UhuRuto perfomed well in the first term they would have perfomed better in the second government , once Uhuru threw out Ruto and brought Raila into government things went to the south. Priorty was given to Bbi instead of development and other projects

[Kadudu]

You always preached here debt is not a problem. When did you see the light?

That will already exceed GDP. Who will continue lending to gov of kenya?

[patel]

Hahaha...we were told ooh Japan and US have high debt so  no worry. All smoke no fire......housing bubble. I hear landlord are slashing rent 30 - 40 %...let us finish the journey with Uhuruto.

You always preached here debt is not a problem. When did you see the light?

That will already exceed GDP. Who will continue lending to gov of kenya?

[Kadudu]

You mean till 2032? By then there will be no Kenya to talk about. Ruto will be the new dynasty and Mwangi Kiunjuri his DP will be playing hustler or chokora roe.

Hahaha...we were told ooh Japan and US have high debt so  no worry. All smoke no fire......housing bubble. I hear landlord are slashing rent 30 - 40 %...let us finish the journey with Uhuruto.

[RV Pundit]

You always preached here debt is not a problem. When did you see the light?

That will already exceed GDP. Who will continue lending to gov of kenya?

I opposed any borrowing beyond 75 percent to GDP for our low middle income economy  and have advised gov to finance public investment by selling some of its assets like safaricom,Kenya pipeline .This is what Kibaki did.Stopping economic music of investment is big mistake  by the handshake crew..GDP will tank and debt will still grow.Growing debt and growing the economy is the trick...both must sync..so that growth of GDP handle the mounting debt

[audacityofhope]

Money meant for a nation never reaches our shores save a trickle in the form of weekly church donations and private development(s) and you are here typing nonsense like you are the only educated fool on this blog who hasn't a clue as to which duo helped themselves to the Eurobond... 

UhuRuto perfomed well in the first term they would have perfomed better in the second government , once Uhuru threw out Ruto and brought Raila into government things went to the south. Priorty was given to Bbi instead of development and other projects

Although I do not believe in BBI, I do not see it as Kenya's main problem. Kenya's problem is a basic national one and more deep than just BBI goes. In fact Raila made the biggest mistake to go for the handshake with Uhuru. He should have left the ruling clueless duo to fry in their own fat. Uhuru and Ruto should have never been any where near the presidency.
Giving 35% of the revenue to the counties does not make sense as revenue allocation goes with responsibilities. So what will be devolved to fit in the extra 20% to the counties?

Kenya is in Big problems, then you have Uhuru and araila telling us BBI is the solution to this mess. Where as BBI roots for devolvi g 35%  of Kenyas revenue and the whole process will cost Kenya around 40 B.

[audacityofhope]

It is a human tragedy for one to sacrifice at the alter of their tribe, their reasoning and analytical skills invested in them at great expense by a Nation's education system (yet absolute nobody on earth had a choice into which tribe they would be born into). Since those arguments are not based on logical reasoning, what such people spin inevitably runs into a ditch of reckoning & contradictions and as you can see, they still want to keep "digging" (eti kujiexplain) succeeding only in increasing the quagmire they are in. Bure kabisa.

You always preached here debt is not a problem. When did you see the light?

That will already exceed GDP. Who will continue lending to gov of kenya?

[Arcadian_Dreamer]

You always preached here debt is not a problem. When did you see the light?

That will already exceed GDP. Who will continue lending to gov of kenya?

I opposed any borrowing beyond 75 percent to GDP for our low middle income economy  and have advised gov to finance public investment by selling some of its assets like safaricom,Kenya pipeline .This is what Kibaki did.Stopping economic music of investment is big mistake  by the handshake crew..GDP will tank and debt will still grow.Growing debt and growing the economy is the trick...both must sync..so that growth of GDP handle the mounting debt

You advocated for $100bn infrastructure bond. I'm sure that is many times above our GDP. You are Keynesian spend freak.

[RV Pundit]

100B spend on infrastructure will grow the economy by another 100B at minimum during construction phase- keeping the debt to gdp ratios in good place. The multiplier effect will  further grow the economy. And most importantly we would have fixed infrastructure lasting many centuries.

Our economy like most economies is addicted to debt - you cannot just withdraw borrowing - without risking serious withdrawal symptoms.

You advocated for $100bn infrastructure bond. I'm sure that is many times above our GDP. You are Keynesian spend freak.

[Arcadian_Dreamer]

100B spend on infrastructure will grow the economy by another 100B at minimum during construction phase- keeping the debt to gdp ratios in good place. The multiplier effect will  further grow the economy. And most importantly we would have fixed infrastructure lasting many centuries.

Our economy like most economies is addicted to debt - you cannot just withdraw borrowing - without risking serious withdrawal symptoms.

You advocated for $100bn infrastructure bond. I'm sure that is many times above our GDP. You are Keynesian spend freak.

Oh if it was all so easy, no one would be poor. We would all ride the debt gravy train to national prosperity and wealth.

The real world doesn't work that way though. 2 examples;

- Japan in the early early 1990's was trapped in low growth perpetual recession mode. They unleashed a flurry of Keynesian inspired infrastructure spending in hopes of waking up the economy from the doldrums. They failed miserably and Japan was left saddled with huge deficits.

- Obama's 2009 near trillion dollar stimulus spending likewise did nothing for the American economy.

[RV Pundit]

You're using developed world - who are already on the diminishing marginal economic utility territory.
I am talking kenya with staggering infrastructure deficit.
If we borrow and invested to fix that deficit - we would have killed many birds with one stones - economy will grow during construction, and even faster after.
The infrastructure deficit - we have doesn't requires us to 'generate' demand for it.
All we need to do is avoid short term debt like Uhuru is now contracting to run gov operations!
We need to borrow 100yr long tenure loans - linked to infrastructure
If we borrowed 100B - spread over 50yrs - and invested it to fix our deficit (pave all dirt road, supply clean piped water to everyone, electricity to everyone, sewage systems, railways) - we would effectively have borrowed 2B per annum

The issue should be who is willing to give us a centenary bond? How can we securitize such a loan? Maybe we can give them all minerals rights?

Another option is to use the infrastructure as security - for example SGR - or allow the borrowers to toll the roads?

Whatever we do - we need to invest in our public infrastructure.

Oh if it was all so easy, no one would be poor. We would all ride the debt gravy train to national prosperity and wealth.

The real world doesn't work that way though. 2 examples;

- Japan in the early early 1990's was trapped in low growth perpetual recession mode. They unleashed a flurry of Keynesian inspired infrastructure spending in hopes of waking up the economy from the doldrums. They failed miserably and Japan was left saddled with huge deficits.

- Obama's 2009 near trillion dollar stimulus spending likewise did nothing for the American economy.

[Nowayhaha]

Stop clinging on straws , we are talking of the debt here, Fact remains that by 2017 Kenyas Debt was around 3.8 Trillion and we could see tangible results in all corners from Roads, SGR, Rural electrification free maternity etc of Kenya yes the 10%  was in play,  now how do you explain 3 years later under handshake rule under Uhuru and Raila with no tangible results the debt has more or less doubled to 8 Trillion now they even want to push it beyond the capped 9 Trillion.

Money meant for a nation never reaches our shores save a trickle in the form of weekly church donations and private development(s) and you are here typing nonsense like you are the only educated fool on this blog who hasn't a clue as to which duo helped themselves to the Eurobond... 

UhuRuto perfomed well in the first term they would have perfomed better in the second government , once Uhuru threw out Ruto and brought Raila into government things went to the south. Priorty was given to Bbi instead of development and other projects

Although I do not believe in BBI, I do not see it as Kenya's main problem. Kenya's problem is a basic national one and more deep than just BBI goes. In fact Raila made the biggest mistake to go for the handshake with Uhuru. He should have left the ruling clueless duo to fry in their own fat. Uhuru and Ruto should have never been any where near the presidency.
Giving 35% of the revenue to the counties does not make sense as revenue allocation goes with responsibilities. So what will be devolved to fit in the extra 20% to the counties?

Kenya is in Big problems, then you have Uhuru and araila telling us BBI is the solution to this mess. Where as BBI roots for devolvi g 35%  of Kenyas revenue and the whole process will cost Kenya around 40 B.

[RV Pundit]

Exactly. The handshake has been a disaster. The money has been borrowed for budget support - and there is no single thing to show for it. Heck IMF/WB last year gave gov lot of billions - nothing to show for it.

We are back to pre-chinese era - where we took so much loan from IMF/WB - and it all disappared.

Chinese at least lend for projects and pay contractors almost directly.

This is why we need to have debt ring-fenced to projects.

Stop clinging on straws , we are talking of the debt here, Fact remains that by 2017 Kenyas Debt was around 3.8 Trillion and we could see tangible results in all corners from Roads, SGR, Rural electrification free maternity etc of Kenya yes the 10%  was in play,  now how do you explain 3 years later under handshake rule under Uhuru and Raila with no tangible results the debt has more or less doubled to 8 Trillion now they even want to push it beyond the capped 9 Trillion.