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Kenya Economy Watch
obiero
#1461 Posted : Tuesday, July 11, 2017 9:43:32 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
maka wrote:
winston wrote:
SRC...good move. But as usual Mpigs first agenda of the next parliament will be to deal with SRC.

The law of 'no sitting and mileage allowances' together with caps on 'Daily Subsistence Allowances and out of town/country trips' should be extended through out government. Then we can see the real effect.


Word...

Very true. This will assist us with cutting back some of the excesses. Here is something related, to read with high interest http://www.businessdaily...009490-37h80t/index.html

KQ ABP 4.26
aemathenge
#1462 Posted : Wednesday, July 12, 2017 2:52:45 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
obiero wrote:
maka wrote:
[quote=winston]SRC...good move. But as usual Mpigs first agenda of the next parliament will be to deal with SRC.

The law of 'no sitting and mileage allowances' together with caps on 'Daily Subsistence Allowances and out of town/country trips' should be extended through out government. Then we can see the real effect.


Word...

Very true. This will assist us with cutting back some of the excesses. Here is something related, to read with high interest http://www.businessdaily...09490-37h80t/index.html[/quote]

Quote:
However, former Chairperson of the Commission on Revenue Allocation (CRA), Micah Cheserem, has lauded SRC’s move, but has expressed fears that MPs might oppose and change the new pay structure.


Source Link:
mulla
#1463 Posted : Wednesday, July 12, 2017 4:04:08 PM
Rank: Member

Joined: 6/15/2013
Posts: 301
Ebenyo wrote:
Ericsson wrote:
Kenya's SRC reduces MPs salaries from Sh 720,000 to 621,00 @ month. Sitting & mileage allowance abolished. Says move meant to reduce wastage
President's salary also reduced from Sh 1.6Mn to Sh 1.4Mn

New salary structures for State officers
President-1.4M
Deputy President-1.2M
CS- 924K
AG-924K
KDF boss-924K
PS- 765K
MPs- 621K
Senators-621k
Women Reps-621k
Governors sh924K
Deputy Governors-621k
MCAs-144K
No sitting and mileage allowances



Though the move is wise,its not the best.The economy is about quality.It cannot be fixed by slashing salaries of state officials.They are not the problem.KRA must be probed for not attaining its targets YOY.Then let the country reduce its dependence on debts.


The salary of Kenyan state officials is very high...way higher than their counterparts in the developed world. However I agree there's much more that KRA can do to catch tax cheats and reign in on their very own corrupt officials.
Ericsson
#1464 Posted : Thursday, July 13, 2017 10:06:06 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://www.businessdaily...012838-mofmrh/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
winston
#1465 Posted : Thursday, July 13, 2017 11:37:18 AM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
Ericsson wrote:
http://www.businessdailyafrica.com/economy/Museveni-takes-over-loan-approvals--rejects-11/3946234-4012838-mofmrh/index.html


Laughing out loudly Laughing out loudly Laughing out loudly
Ericsson
#1466 Posted : Thursday, July 13, 2017 5:46:04 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Capital Economics says they have concerns about the accuracy of Kenya's official GDP Data.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ebenyo
#1467 Posted : Friday, July 14, 2017 7:24:56 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
winston wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/economy/Museveni-takes-over-loan-approvals--rejects-11/3946234-4012838-mofmrh/index.html


Laughing out loudly Laughing out loudly Laughing out loudly



thats good as killing the economic growth of that country.I pity the citizens their.It means Museveni akikosana na bibi yake jioni kwa nyumba the next day in the morning hawezi approve loan yeyote.
Towards the goal of financial freedom
winston
#1468 Posted : Friday, July 14, 2017 8:13:21 AM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
Ebenyo wrote:
winston wrote:
Ericsson wrote:
http://www.businessdailyafrica.com/economy/Museveni-takes-over-loan-approvals--rejects-11/3946234-4012838-mofmrh/index.html


Laughing out loudly Laughing out loudly Laughing out loudly



thats good as killing the economic growth of that country.I pity the citizens their.It means Museveni akikosana na bibi yake jioni kwa nyumba the next day in the morning hawezi approve loan yeyote.



Lol...ati what?
winston
#1469 Posted : Friday, July 14, 2017 8:20:03 AM
Rank: Member

Joined: 4/14/2010
Posts: 806
Location: Nairobi
Ericsson wrote:
Capital Economics says they have concerns about the accuracy of Kenya's official GDP Data.


Wouldnt be surprised...if government is the one compiling and releasing the numbers...and they have an interest in showing positive growth...as they say in crime...government has both the 'motive' and the 'means' to commit the crime of manipulating GDP numbers.

On a different note, GDP numbers are largely estimates with some margin for variance. We should all be seriously concerned if the GOK GDP numbers are significantly different from estimates made by world bank, IMF et al.

Ericsson
#1470 Posted : Saturday, July 15, 2017 11:54:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://www.businessdaily...16138-xq2w4l/index.html

What is left for the Kenyan people.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
263 Pages«<145146147148149>»
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