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Kenya 2016/2017 National 2.3 trillion Budget
muganda
#1 Posted : Monday, May 09, 2016 6:01:31 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Budget period is here, National Treasury would like tips/suggestions. Here's the long National Budget summary http://www.treasury.go.k...-supporting-information

muganda
#2 Posted : Monday, May 09, 2016 6:03:13 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
As usual, some have sounded the warning signals:

Kwame Owino ‏@IEAKwame

Fact 1: Govt proposes to spend 466 Billion on public debt payments. That is = 1.2 billion per day for rest of the financial year
Fact 2: in 2016/17, public will pay Kshs. 250 billion on interest on public debt. #BudgetChoices2016
Fact 3: government proposes to pay Ksh. 215.7 billion for redemption of existing debt.
Fact 4: Public payment of interest on existing debt exceeds the repayment of principal by 16.22%. #BudgetChoices2016

Fact 5: of the Kshs. 250.7 billion marked for interest, 197.26 (78.6%) is for domestic debt and rest for foreign debt. #BudgetChoices2016
Fact 6: Besides debt payment =Kshs. 466.5 B , government proposes to borrow additional 689.1 billion or FY 16/17. #BudgetChoices2016
Fact 7: Fact 6 means net debt will grow by Ksh. 223 billion or Kshs. 610 million per day. #BudgetChoices2016
fact 8: Of Kshs. 215.7 B of debt redemption, Kshs172.1 Billion (79%) is domestic and the rest is foreign. #BudgetChoices2016

Fact8: National treasury #Kenya estimates debt servicing 4 FY 17/18 will = Kshs. 542 billion or equivalent 20 Thika RDs. #BudgetChoices2016
Fact 9: Spending on public sector pensions in 2017/18 will be Kshs. 55.6 B. Kenya #BudgetChoices2016
Fact 10: Total interest and principal payments for foreign debt is Kshs. 97.1B and = 20.83% of all debt spending. #BudgetChoices2016
whiteowl
#3 Posted : Monday, May 09, 2016 7:32:32 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Greece 2022 here we come!
mlennyma
#4 Posted : Monday, May 09, 2016 7:40:15 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
whiteowl wrote:
Greece 2022 here we come!

kuna mtu atapewa hii serikali aongoze akatae juu ya madeni,some shylocks or whatever you may call them are very happy somewhere enjoying our interest seated in posh areas.
"Don't let the fear of losing be greater than the excitement of winning."
wukan
#5 Posted : Friday, March 31, 2017 8:03:40 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,595
At least last year's budget attracted some comment.

This year's budget is a non-issue. No one bothered.
Horton
#6 Posted : Friday, March 31, 2017 9:54:12 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
We should have been panicking in 2001- the debt was at 78% to gdp. Currently at 52% hatujafika Greek levels which was at 180%.
Angelica _ann
#7 Posted : Friday, March 31, 2017 10:49:23 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Horton wrote:
We should have been panicking in 2001- the debt was at 78% to gdp. Currently at 52% hatujafika Greek levels which was at 180%.

Stop joking boss, that was because of leakages in revenue collection proper and we are headed back there nicely Sad Sad Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ebenyo
#8 Posted : Friday, March 31, 2017 10:58:27 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
wukan wrote:
At least last year's budget attracted some comment.

This year's budget is a non-issue. No one bothered.


im also wandering
why wazuans are not bothered by this year budget. No one wants to comment.
Out of the 2.6 trilion,how much will KRA raise?
Towards the goal of financial freedom
Chaka
#9 Posted : Saturday, April 01, 2017 8:29:57 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
Did treasury acknowledge any suggestions made last year i,e whether considered or not?
Ericsson
#10 Posted : Saturday, April 01, 2017 8:42:47 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,701
Location: NAIROBI
Horton wrote:
We should have been panicking in 2001- the debt was at 78% to gdp. Currently at 52% hatujafika Greek levels which was at 180%.


And you believe that.That's a lie
When Kibaki came into power in 2003 tax collections shotup yet nothing was done.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Horton
#11 Posted : Saturday, April 01, 2017 9:03:15 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
Horton wrote:
We should have been panicking in 2001- the debt was at 78% to gdp. Currently at 52% hatujafika Greek levels which was at 180%.


And you believe that.That's a lie
When Kibaki came into power in 2003 tax collections shotup yet nothing was done.


Well thats the only information that we have unless you have another source....
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