Kenya’s debt getting out of control – CoB

The Controller of Budget (CoB) is concerned that Kenya will spend Sh1.1 trillion of its Sh1.87 trillion projected revenue collection next financial year to pay debts.
Presenting views on the 2019/20 Budget Policy Statement (BPS) before the Senate Finance Committee, Joshua Musili, director research and planning at the CoB said it is unreasonable for the country to spend 60 per cent of its revenue in debt payment.
Musili said the high debt obligation will leave the National Treasury with only Sh600 billion for other expenses.
‘’Our debt situation has hit the roof. It means, for every Sh100 the government will collect next year, 60 per cent will go towards debt payment. This is not good for the economy,’’ Musili said.

this is not news. si mliambia dr ndii atoe upuzi kwa daily nation? mkaambia jacob juma aache kupiga kelele? watu wakule ujeuri yao. a population which can remove a sick parent from icu bed to go and vote, carry a 100 year old grandmother on a wheelbarrow to go vote thieves deserves nothing good. kenyans deserve every thing they are going through. this is only the beginning, mtakula mbwa ivi karibuni

I agree…but you never voted @sani right?

So what u are saying is that even the ones who voted against the “regime” deserve it?..Take your time now

So you’re implying that disgruntled citizens can only change the regime at the ballot box? So what are the Gillets Jaune doing in France yet it’s not an election year?
You need to have a word with yourselufu. Now!

And yes, they deserve it too. They can do.more than vote against the regime.

All those who voted for either Jubilee or NARC voted for the “regime”… The two “parties” are in it together now!

I went to my local club jana na watu kama wote walikuwa wanakunywa only the cheapest low quality shit that money can buy:D…purchasing power is slowly but surely going down

very true, watu huku chini wako na shida…

At least the prophets of doom have a thread to vent. Mtangoja Kenya kuharibike until kingdom come