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Fatumas Voice Latest Questions

  • 9
Don 'Caleb' Nyagudi
Nyati

How can Kenya clear public debt and still be productive?

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?

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4 Her Answers

  1. 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.

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  2. 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 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

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  3. Stop the junk projects, promote agriculture to sustain our economy

    Stop the junk projects, promote agriculture to sustain our economy

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  4. 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.

    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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1 Him Answer

  1. Exactly, some projects are unnecessary and are there just for the benefit of the people who came up with them & not for Kenyans. If we do away with such unnecessary projects we will cut our expenditures therefore no need of borrowing. I also agree with your buy kenya build Kenya point. It will cRead more

    Exactly, some projects are unnecessary and are there just for the benefit of the people who came up with them & not for Kenyans. If we do away with such unnecessary projects we will cut our expenditures therefore no need of borrowing.

    I also agree with your buy kenya build Kenya point. It will create more opportunities here resulting to jobs and therefore increased revenue for us.

    We can do more just as we witnessed during the onset of the pandemic. Manufacturing our own PPEs, masks and equipment.

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  2. This is a very detailed answer that raises really poignant points. It’s even confounding that manufacturing companies are closing shop due to over taxation, hostile environment for business esp the requirements to paying a gazillion licences that make no sense.

    This is a very detailed answer that raises really poignant points.

    It’s even confounding that manufacturing companies are closing shop due to over taxation, hostile environment for business esp the requirements to paying a gazillion licences that make no sense.

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  3. Just campaigning for a corruption free Nation. This is the ultimate thing, we can do so much but as long as Corruption still exists, we may never make any progress

    Just campaigning for a corruption free Nation. This is the ultimate thing, we can do so much but as long as Corruption still exists, we may never make any progress

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  4. By utilizing our own resources and labor and maximizing on them

    By utilizing our own resources and labor and maximizing on them

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4 Answers

  1. By investing in projects that generate value as opposed to majoring on recurrent expenditure.

    By investing in projects that generate value as opposed to majoring on recurrent expenditure.

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