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Kenya Debt Watch
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enyands
#221 Posted : Thursday, December 01, 2016 10:11:11 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
alutacontinua wrote:
http://www.businessdailyafrica.com/Kenya-to-spend-40pc-of-tax-revenue-on-servicing-public-debt/539552-3470912-item-2-n2jcb2z/index.html

40% of tax revenue for 2017 is set to debt repayment!!!!!....Loan uptake does not look like its slowing down any time soon



Sad thing is people will vote according to the tribe uptake and not deal with impending issue of debt uptake crisis
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Ericsson
#222 Posted : Friday, December 02, 2016 5:41:07 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@enyands
There are people from a certain area who will vote for their person irrespective of how the economy and quality of life is.
It's like an oath they have taken and can never support anyone apart from one of theirs.
This is the kenya we have 54 years after independence.
People don't vote on issues
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#223 Posted : Friday, December 02, 2016 6:27:31 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
@enyands
There are people from a certain area who will vote for their person irrespective of how the economy and quality of life is.
It's like an oath they have taken and can never support anyone apart from one of theirs.
This is the kenya we have 54 years after independence.
People don't vote on issues


Politics+Much politics=Poverty
Towards the goal of financial freedom
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alutacontinua
#224 Posted : Tuesday, January 10, 2017 10:00:47 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
http://www.businessdaily...11632-6s0h0i/index.html

KRA collects an average of Ksh.94.8B per month in the first 5 months of the fiscal year. This is 14.6% below Ksh. 111B monthly average anticipated by treasury.

If this trend continues we can expect an overall tax revenue of Ksh.1.14T....

Looks like the debt repayment to GDP ratio will cross the 50% mark
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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lochaz-index
#225 Posted : Wednesday, January 11, 2017 4:36:39 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
alutacontinua wrote:
http://www.businessdailyafrica.com/kra-another-year-of-shortfall/539546-3511632-6s0h0i/index.html

KRA collects an average of Ksh.94.8B per month in the first 5 months of the fiscal year. This is 14.6% below Ksh. 111B monthly average anticipated by treasury.

If this trend continues we can expect an overall tax revenue of Ksh.1.14T....

Looks like the debt repayment to GDP ratio will cross the 50% mark

1.14T versus a target of 1.5T for the current financial year. Allowing for the uptick in collection towards the end that puts actual revenue @1.2T. Debt repayments are projected to check in at 618.9b which is more than 50% of revenue. If the KES is still on a bear run then that could easily blow out of proportion. The twin deficits will hurt KE severely.
The main purpose of the stock market is to make fools of as many people as possible.
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alutacontinua
#226 Posted : Wednesday, January 11, 2017 7:44:44 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
lochaz-index wrote:
alutacontinua wrote:
http://www.businessdailyafrica.com/kra-another-year-of-shortfall/539546-3511632-6s0h0i/index.html

KRA collects an average of Ksh.94.8B per month in the first 5 months of the fiscal year. This is 14.6% below Ksh. 111B monthly average anticipated by treasury.

If this trend continues we can expect an overall tax revenue of Ksh.1.14T....

Looks like the debt repayment to GDP ratio will cross the 50% mark

1.14T versus a target of 1.5T for the current financial year. Allowing for the uptick in collection towards the end that puts actual revenue @1.2T. Debt repayments are projected to check in at 618.9b which is more than 50% of revenue. If the KES is still on a bear run then that could easily blow out of proportion. The twin deficits will hurt KE severely.


https://www.bloomberg.co...cialflow-twitter-africa

The World Bank has estimated Kenya’s financing gap at 9.6 percent of gross domestic product in the 2016-17 financial year, from 7.2 percent in 2015-16.

Piling more debt to plug the deficit (Additional $1.05B in debt...)
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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  | | Edit by user: Wednesday, January 11, 2017 8:35 PM | Reason: Not specified
heri
#227 Posted : Saturday, January 14, 2017 3:00:04 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
China Tells Sri Lanka: We Want Our Money, Not Your Empty Airport

ttp://www.forbes.com/sites/wadeshepard/2016/07/31/china-to-sri-lanka-we-want-our-money-not-your-empty-airport/#5461f8c61169


Sri Lanka's debt situation is severe. The country is currently in $58.3 billion deep to foreign financiers, and 95.4% of all government revenue is currently going towards paying back its loans. This means that out of every hundred dollars the government brings in only $4.60 is going towards essentials like education and public services.
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mlennyma
#228 Posted : Saturday, January 14, 2017 4:26:43 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
heri wrote:
China Tells Sri Lanka: We Want Our Money, Not Your Empty Airport

ttp://www.forbes.com/sites/wadeshepard/2016/07/31/china-to-sri-lanka-we-want-our-money-not-your-empty-airport/#5461f8c61169


Sri Lanka's debt situation is severe. The country is currently in $58.3 billion deep to foreign financiers, and 95.4% of all government revenue is currently going towards paying back its loans. This means that out of every hundred dollars the government brings in only $4.60 is going towards essentials like education and public services.

confirm whether it's Sri Lanka or kenya
"Don't let the fear of losing be greater than the excitement of winning."
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alutacontinua
#229 Posted : Friday, February 03, 2017 2:04:50 PM
Rank: Member

Joined: 3/23/2011
Posts: 304
http://www.businessdaily...98004-49dtlu/index.html

USD 1B syndicate loan expected in March....

Data from Treasury tabled in parliament last month showed Kenya's total public debt hit Ksh. 3.6T in the year ending June 2016. This was an increase of 27% from the Ksh. 2.8T recorded at the end of June 2015.



You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Swenani
#230 Posted : Saturday, January 20, 2018 1:06:57 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Naskia Treasury has run out of cash
If Obiero did it, Who Am I?
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