Over the past few years Kenya has been faced with huge budget deficits forcing public debt to escalate.
Kenya’s public debt is at a crippling Ksh 7.1 trillion now and expected to hit a ceiling of Ksh 10 trillion by the end of financial year 2023/2024. This is according to the public debt management report for financial year 2020/2021.
The borrowing spree attributed to the increase in expenditure on development projects and also worsened by the Covid-19 pandemic.
The national Treasury is optimistic that the debt is sustainable but the public thinks otherwise. How can this debt issue be managed and still ensure productivity?
We have crude oil in Turkana , we can export it and pay off debts. Additionally, we can come up with better systems to deal with Corruption.
We have crude oil in Turkana , we can export it and pay off debts. Additionally, we can come up with better systems to deal with Corruption.
See lessFirst, we need to cut down on majority of this so called “development” infrastructures. We need to audit many projects that are calling for increment of loans sustain the projects that are key to our economic development and boost. Our foreign policies too are not friendly to Kenya! We must renegotiRead more
First, we need to cut down on majority of this so called “development” infrastructures. We need to audit many projects that are calling for increment of loans sustain the projects that are key to our economic development and boost.
Our foreign policies too are not friendly to Kenya! We must renegotiate policies that allow this countries to conduct trade with us as part of the deal. Starting with tourism, military, and all this nations that are allies with us.
Why do we export food? We have good soil, we have water all we are lacking is good leadership. We need a government that takes responsibilities to market produces for it’s people. This will be able to lift those who are not on tax brackets and help us increase our revenues.
Foreign companies that are here to conduct business should be condition led to mandatory invest a certain percentage of their profits in this nation.
This are just afew examples
See lessStop the junk projects, promote agriculture to sustain our economy
Stop the junk projects, promote agriculture to sustain our economy
See lessTo reduce its burgeoning public debt burden, Kenya must improve its production capabilities in the long term. This can be achieved in several ways. Firstly, it must increase its investment in human capital to promote entrepreneurial activity.
To reduce its burgeoning public debt burden, Kenya must improve its production capabilities in the long term. This can be achieved in several ways. Firstly, it must increase its investment in human capital to promote entrepreneurial activity.
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