Treasury to borrow KShs 275 billion to respond to COVID19. This if it happens will push public debt to KShs 6.6 trillion
“National Treasury is in the final stages of sealing deals with World Bank (Sh100 billion), European Union Investment Bank (Sh100 billion) and the International Monetary Fund (IMF) Sh75 billion to bridge the deficit in the country’s revenues created by the pandemic effect on the economy.” The Standard
(Ephraim Njega)
What would Ruto have done differently ? Hii debt inafika 9 billion by mid next year.
what would you have done differently?
I would’ve borrowed, na bado next year we will borrow, hata 2020 elections, will be conducted on borrowed money. Sioni hii economy, iki recovery anytime soon
How about we let them eat everything and borrow all they can.Tuone what will happen.
Uhuru will borrow to the limit.
I think the biggest blunder was SGR.
Ni kukula na kulipa.
You are already getting shafted bila lube by konyagi 1,accept the innevitable and lie still,it’ll only hurt if you struggle,the chinese are waiting in line to run a train
Oh my God. Not another loan!
You know if a cop isn’t paid his salary for 3 months in a row because the govt is broke like in the late 90s, that cop can very easily use his gun and training to extract money from your civilian ass.
@sani passport na uncle ameanza kupima kitanda ya statehouse. Shikilia hapo
nitatumwa Poland
Then the civilians will take arms to defend themselves against the rogue police.Then the country will descend into civil anarchy.
From there Kenyan will learn a very important lesson,especially the rich.Not to eat everything.
For things to turn around in this country lazima such thing will happen.
US lies to the whole world and its citizens that it owes trillions of dollars to China etc. Well, think again! That idea is peddled to encourage other poorer countries to (over)borrow. The US is solid liquid! It has an enviable balance sheet. Ask the Federal Reserve insiders!
I meant they will start stealing or loaning out their guns to thieves. The likes of Matheri and wanugu used to work with teams of rogue broke cops during the nyayo era.