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Kenya Debt Watch
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mwekez@ji
#191 Posted : Wednesday, February 06, 2013 10:00:24 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
#Noted. The Market Leaders Forum sat yesterday and advised CBK to issue two bonds; a two year bond whose coupon will be market determined and a 15 year bond whose coupon is pegged at 11.25%.
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josimar
#192 Posted : Wednesday, February 06, 2013 10:46:19 AM
Rank: Member

Joined: 7/6/2010
Posts: 242
None of the Presidential candidats has addressed this rising public debt and how they intend to tackle it . It is absurd that both RAO & UK are promising capital expenditure projects yet at the same time Our expenditure overwhelmingly exceeds revenue.
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Mainat
#193 Posted : Wednesday, February 06, 2013 4:32:18 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
mwekez@ji wrote:
Treasury ups debt target by Sh32bn as taxes fall short

http://www.businessdailyafrica..../1/-/njaimb/-/index.html

Finance minister Njeru Githae, however, said the government would exercise prudence while borrowing to avoid elbowing out investors.

“There is liquidity so it is easier to borrow,” said Mr Githae.

The total public debt currently stands at 46.1 per cent of the country’s GDP, which is slightly above the IMF recommended ratio of below 45 per cent.

The government has, however, argued that this is a cyclical rise that will be contained after implementation of new structures created by the Constitution.

“It is still below 50 per cent of GDP so it is still manageable and most of it is internal, which means if we want to reduce it is easy,” said Mr Githae.

We are talking about shaving off Ksh100bn. Can someone tell me when GoK9under its own steam) has managed even Ksh25bn shave?
Sehemu ndio nyumba
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Pick n Pay
#194 Posted : Wednesday, February 20, 2013 1:35:30 PM
Rank: New-farer

Joined: 1/29/2013
Posts: 45
Location: South Africa
To the debt watchers http://www.globaltimes.cn/content/762499.shtml
Greed is fear.
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Kausha
#195 Posted : Tuesday, March 05, 2013 11:47:59 AM
Rank: Member

Joined: 2/8/2007
Posts: 808
Kenya's debt level is getting careless! Githae is blatantly lying. he can't reduce domestic debt by printing money of sterilizing dollars! Debt is certainly above 50% GDP. I am also not sure whether our GDP numbers are very accurate. There is always a big error estimate in most KNBS statistics. Our ability to repay the debt and one or two other indicators suggest to me our debt is probably about 60%. Only time will tell though.
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hisah
#196 Posted : Tuesday, March 05, 2013 1:09:40 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Kausha wrote:
Kenya's debt level is getting careless! Githae is blatantly lying. he can't reduce domestic debt by printing money of sterilizing dollars! Debt is certainly above 50% GDP. I am also not sure whether our GDP numbers are very accurate. There is always a big error estimate in most KNBS statistics. Our ability to repay the debt and one or two other indicators suggest to me our debt is probably about 60%. Only time will tell though.

Have you had a look at the eurozone debt levels. Or better Japan, UK, US, PIIGS etc... KE debt levels are a heaven!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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tutebeng
#197 Posted : Wednesday, March 06, 2013 5:16:40 PM
Rank: Member

Joined: 10/29/2009
Posts: 40
I would be careful comparing the debt levels of Kenya with those of the nations you indicate here, including the PIGS, particularly because of the socio-economic data, in mind here is unemployment rates, inflation rates, cost of credit (interest rates), and levels of poverty. If only when these are low can you be comfortable with the level of national debt for Kenya
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holycow
#198 Posted : Saturday, March 09, 2013 6:52:16 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
josimar wrote:
None of the Presidential candidats has addressed this rising public debt and how they intend to tackle it . It is absurd that both RAO & UK are promising capital expenditure projects yet at the same time Our expenditure overwhelmingly exceeds revenue.


Next Finance cabinet secretary has some serious work.
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guru267
#199 Posted : Sunday, March 10, 2013 6:21:02 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
holycow wrote:
josimar wrote:
None of the Presidential candidats has addressed this rising public debt and how they intend to tackle it . It is absurd that both RAO & UK are promising capital expenditure projects yet at the same time Our expenditure overwhelmingly exceeds revenue.


Next Finance cabinet secretary has some serious work.


Uhuru's big spending should see us at kshs 2trillion in our 2014 budget!!
Mark 12:29
Deuteronomy 4:16
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mwekez@ji
#200 Posted : Thursday, May 02, 2013 7:47:20 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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