Wazua
»
Investor
»
Economy
»
Kenya Economy Watch
Rank: Elder Joined: 12/7/2012 Posts: 11,935
|
Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Interest-payments-on-public-debt-increase-18pc/3815534-4815488-22xy39/index.html
The interest paid on Kenya’s public debt rose past the Sh300 billion mark in the year to June 2018, new Treasury filings show, highlighting the steep cost of servicing the country’s debt ,which has crossed the Sh5 trillion mark.
The Treasury’s annual public debt management report shows that the taxpayer coughed up Sh321.2 billion in interest for domestic and external debt for the 2017/18 fiscal year, an 18.4 percent increase on the Sh271.2 billion in interest paid in the previous fiscal year. Loans much of it used for recurrent expenditure or stolen. Rotich normally looks very clueless to me. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Interest-payments-on-public-debt-increase-18pc/3815534-4815488-22xy39/index.html
The interest paid on Kenya’s public debt rose past the Sh300 billion mark in the year to June 2018, new Treasury filings show, highlighting the steep cost of servicing the country’s debt ,which has crossed the Sh5 trillion mark.
The Treasury’s annual public debt management report shows that the taxpayer coughed up Sh321.2 billion in interest for domestic and external debt for the 2017/18 fiscal year, an 18.4 percent increase on the Sh271.2 billion in interest paid in the previous fiscal year. Loans much of it used for recurrent expenditure or stolen. Rotich normally looks very clueless to me. what an easy way to sit down and eat the billions of fools interest income "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
mlennyma wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Interest-payments-on-public-debt-increase-18pc/3815534-4815488-22xy39/index.html
The interest paid on Kenya’s public debt rose past the Sh300 billion mark in the year to June 2018, new Treasury filings show, highlighting the steep cost of servicing the country’s debt ,which has crossed the Sh5 trillion mark.
The Treasury’s annual public debt management report shows that the taxpayer coughed up Sh321.2 billion in interest for domestic and external debt for the 2017/18 fiscal year, an 18.4 percent increase on the Sh271.2 billion in interest paid in the previous fiscal year. Loans much of it used for recurrent expenditure or stolen. Rotich normally looks very clueless to me. what an easy way to sit down and eat the billions of fools interest income GOK is only paying 6% interest p.a. on its total debt. Who's fooling who? Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
guru267 wrote:mlennyma wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Interest-payments-on-public-debt-increase-18pc/3815534-4815488-22xy39/index.html
The interest paid on Kenya’s public debt rose past the Sh300 billion mark in the year to June 2018, new Treasury filings show, highlighting the steep cost of servicing the country’s debt ,which has crossed the Sh5 trillion mark.
The Treasury’s annual public debt management report shows that the taxpayer coughed up Sh321.2 billion in interest for domestic and external debt for the 2017/18 fiscal year, an 18.4 percent increase on the Sh271.2 billion in interest paid in the previous fiscal year. Loans much of it used for recurrent expenditure or stolen. Rotich normally looks very clueless to me. what an easy way to sit down and eat the billions of fools interest income GOK is only paying 6% interest p.a. on its total debt. Who's fooling who? 6% on 3 trillion and 6% on 5 trillion are two very different numbers..... Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,935
|
KulaRaha wrote:guru267 wrote:mlennyma wrote:Angelica _ann wrote:Ericsson wrote:https://www.businessdailyafrica.com/markets/marketnews/Interest-payments-on-public-debt-increase-18pc/3815534-4815488-22xy39/index.html
The interest paid on Kenya’s public debt rose past the Sh300 billion mark in the year to June 2018, new Treasury filings show, highlighting the steep cost of servicing the country’s debt ,which has crossed the Sh5 trillion mark.
The Treasury’s annual public debt management report shows that the taxpayer coughed up Sh321.2 billion in interest for domestic and external debt for the 2017/18 fiscal year, an 18.4 percent increase on the Sh271.2 billion in interest paid in the previous fiscal year. Loans much of it used for recurrent expenditure or stolen. Rotich normally looks very clueless to me. what an easy way to sit down and eat the billions of fools interest income GOK is only paying 6% interest p.a. on its total debt. Who's fooling who? 6% on 3 trillion and 6% on 5 trillion are two very different numbers..... My back of envelope calculation over lunch hour thinks that the figures as presented in the article are ok - interest of 300, ama? ( without taking into account rescheduling cost, fines and penalties (which i know exist)). In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
PRESIDENT KENYATTA signs into law Sh47.25bn supplementary budget with lion share of funds, Sh21bn, allocated for affordable housing. https://t.co/uzBcpvYQJXpossunt quia posse videntur
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,654
|
Interesting figures on devolution
1. The aggregate annual own source revenue target for the 47 devolved governments was Sh49.22 billion against an actual collection of Sh32.49 billion, or 66 per cent of the target.
2. In the 2016/17 financial year, the total collection was Sh32.52 billion, which was 56.4 per cent of the target.
3. Nairobi generated 10.1b Mombasa 3.16b and Nakuru 2.28b-blue chips
4. Those that collected the lowest amounts were Lamu, Tana River and Mandera counties at Sh55.29 million, Sh56.63 million and Sh61.82 million, respectively.-monkeys
|
|
|
Rank: Veteran Joined: 7/3/2007 Posts: 1,635
|
wukan wrote:Interesting figures on devolution
1. The aggregate annual own source revenue target for the 47 devolved governments was Sh49.22 billion against an actual collection of Sh32.49 billion, or 66 per cent of the target.
2. In the 2016/17 financial year, the total collection was Sh32.52 billion, which was 56.4 per cent of the target.
3. Nairobi generated 10.1b Mombasa 3.16b and Nakuru 2.28b-blue chips
4. Those that collected the lowest amounts were Lamu, Tana River and Mandera counties at Sh55.29 million, Sh56.63 million and Sh61.82 million, respectively.-monkeys
The Cheserem commission needs to tweak its revenue allocation formula to provide an incentive for County revenue generation: 1. 10% of total budget allocation to be based on previous revenue collection by a County 2. 70% of County allocations to given as conditional grants. This inflexibility will incentivise counties to generate their own revenue 3. County Governments that meet revenue collection and spending targets to be allowed to borrow up 100% of their budget for development purposes "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
|
|
|
Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
|
Noma juu ya noma... https://www.standardmedi...ely-to-default-loans-imfNever lose your position in a bull market,BTFD.
|
|
|
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
|
Shilling overvalued by 17.5 per cent, says IMFAm not an economist, but seems to me that these IMF fellows really have an axe to grind with Kenya. So the currency should weaken to match their projections?  This is not to ignore the fact that our policy makers are digging us into a hole with their decisions. Excessive borrowing, white elephant projects, unaccountability etc.
|
|
|
Wazua
»
Investor
»
Economy
»
Kenya Economy Watch
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|