Why not do away with debt and finance our projects internally?
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If you show us a way of retiring all the debts…
avoid debt next five years.
Import less, create trade surplus.
A hard nut to crack.
How yet we want to steal our own
How is that even possible with this debt addicted administration?
Because we will have to wait 20 years to build a road that can otherwise be built immediately.
Or 50 years to build a railway that is now almost half way done.
You don’t create surplus by importing less. You create them by exporting more.
The more a country grows, the more it actually imports.
Examples: Fuel, natural gas.
But do you need to import what is being produced within like our case with Uganda?
Build now and spend 60 years repaying debt, all revenue from railway + half of tax revenue, does not make economic sense. Have you ever run a business? Umesoma finance?
You also don’t need to ban it, otherwise there will be no winners when they reiterate with other products.
We need to improve our production methods to compete.
If government was to treat infrastructure as a business, they would be building malls not roads.
And its a falsehood to say that we’re using half tax revenue to pay for debt.
We’re using half tax revenue to pay for infrastructure.
The amount we’re are using to pay for the debt, is only the interest. I’m sure that’s not even 10%.
In short, debt is part of the development budget.
Do you know why we need infrastructure? If life after the projects is more difficult than life before the projects…does it make sense to you?
You take a loan for drainage system and suffer more flooding than before the drainage, si kuna makosa mahali?
Kama after kujenga fence ndo nyani wanaingia kwa shamba zaidi, si kuna makosa mahali?
Bei ya kupandisha mzigo nairobi imepanda after kujenga reli, huoni makosa mahali?
The rail is not even half way complete. The supporting facilities, like the Naivasha inland port and the industrial park are not complete.
The train is moving from Nairobi to Mombasa with empty containers.
The handling and clearing logistics are being sorted out.
Once everything is in place, come back here and tell us that it will still be more expensive than trucking.
Let me save you the effort. Rail transport is the cheapest form of inland bulk transport anywhere in the world.
except where? kenya?