80% of revenue going to debt, kra is only going to deliver 2.6 trillion at the end of the financial year best case scenario. @Jack_Black tupe report from the inside what are the mechanics of running a government this cash strapped.State House, DP Overspend While Development Spending Craters | The Kenyan Wallstreet | The Kenyan Wallstreet
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That debt is not meant to be paid to completion. It’s not same as a personal debt
But still 80% of tax collection is not a good indicator.
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Ati 20 % ndio imebaki ya Reccurent expenditure and Development Expenditure. You cant make this shit up.
Mkiona Pension Zenu hazilipwi, ama State Parastatals zinauzwa, usiulize maswali ya Ujinga
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Syndicate loans and take more bonds
Halafu recurrent im sure inaweza kula hata 70% plus ya the remaining 20. Noma sana.
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And loot all is busy wasting money on white elephants and other dead capital projects. Avoidable housing, stadiums, shit. The war on corruption seems to have been taken out back and shot in the head. So it’s a free for all on whatever scarps that are left after paying our pimps..I mean ‘development partners’.
Debt trap has been successfully sprung on us. Working our asses off for the West,the east and the middle east.
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I sense county transfers will be chopped soon this government is borrowing just to pay for its staff unbelievable.