Explained: Ruto's Austerity Measures & How They Will Impact The Economy- Abraham Rugo, IBP Kenya

GUEST: Dr. Abraham Rugo- Executive Director, IBP Kenya
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[@kwaru1]

Abraham Rugo. This guy hasn't changed since high school. Went to the same high school with him. Upstanding, honourable and intelligent man. Always stood for whats right

[@davyjones500]

Vipi kwaru ,watu wa high give up to Arms Rugo

[@tomodiero7524]

yet look at who our Minister of Finance is, it is tribalism killing Kenya. That is why IEBC needs to be fixed by the Genz's they are capable of building election systems that are failproof and foolproof, not like that waffler Chebukati.

[@user-lb9wi1ht3p]

Inflation is high not because Kenya is a poor country, but it's high bz leaders of Kenya are living so well as the peasant work tirelessly to fullfil their luxurious standards. Tumekataa ruto na gvtm yake

[@mosesogutu9935]

you mean politicians.. these thugs are not leaders

[@Lucyferandtheson003]

Wacha ukora bro. Inflation was high but Ruto managed to bring it down. Sahii ukisema inflation iko high you are just lying

[@benadrylpeter2675]

Best use of my 45:22 minutes , Dr Rugo is my official Minister of investment in the office of Mwananchi.

[@BlackIndlovu402]

Dr Rugo "Actions speak louder than words" Ruto has proven time and again that he cannot be trusted.

[@skillsseo160]

Its always a breath of fresh air listening to Dr Rugo and Kwame Owino. These are the brains that the Kenyan government it not making use of.

[@bobochieng8026]

Ruto says that for every Ksh 100, Ksh 63 goes to repay debt. So any serious conversation about the budget must start with an audit of the debt. How much money was borrowed. Where was the money used. Account for each cent. Any stolen money must be recovered and the thieves prosecuted. If the audit makes sense, renegotiate repayment terms.

[@jullietmburu9672]

👍🏾👍🏾

[@Amanimaisha]

This has been enlightening. So we HAVE adequate revenue but it is not spent correctly on institutions that are productive. Kenya would be so far. Thank you Dr Rugo for breaking it down.

[@piasmuiruch8772]

Rugo is a brilliant guy. He is opening our mind to see how wasteful our government is and how resourceful our country is. We also would love to hear Wanjigi's take on the same. Good work Spice FM

[@arishi2021]

Please bring Jimmy Wanjigi We need to hear what he says about this finance bill

[@kkrotich]

Yes, Jimmy Wanjigi needs to and give Kenyans a take on this finance bill

[@winnieroze]

Plus the appropriations bill now that it's out

[@bryanotieno7106]

No need since he doesn't offer solutions to tackle the debt trap plagued by KE economy

[@arishi2021]

He is an insightful person.we as informed people we like to dissect it and get more informed.

[@scarletsimpson4807]

these are people ruto needs as advisers and the likes of wanjigi, omtata, mcfier, lets say most of spice fm economic guests

[@kmipos]

Ruto needs no one he needs to go away

[@Brian-zc3si]

​@@kmipos😂😂😂.

[@firdoshvirjee3592]

I abosuletly agree with you 💯

[@jullietmburu9672]

​@@kmipos 😂😂 indeed 👍🏾👍🏾👍🏾

[@stevenkabaga3971]

we can't give Ruto such brains to destroy, they deserve a better, honest employer to work with (new government)

[@kennethmarete5329]

Dr. Abraham Rugo, you deserve to be a leader in this beautiful country of ours. You are the brains and wisdom government desperately needs.

[@breebichanga7811]

Thank Dr.Rugo … I have rewatched may times and yes , you are our next Minster of Finance now we Kenyas appoint

[@tangotusker1]

Sensible conversation with a sensible person...kenya has no shortage of good straight people

[@paulirving2986]

In the area of economics, in the Spicefm studio, Dr. Abraham Rugo and Dr. Michael Hudson should have these conversations. It would be an even greater eye-opener.

[@ajwangO478-xk4zs]

From what has been observable for the longest of times, Ruto is completely remorseless, no matter the circumstances. And so the words "I concede", coming from him, instead of being a sign of humility, actually sound like a menace, a threat. What Ruto says and what he actually means are normally different things. *Watch out for what he does, not what he says!* You can see that Ruto is seething with rage for not having had his way. He is throwing incessant tantrums, like an out-of-control toddler.He is not bowed down, otherwise why is he raging? Right now, he's forced to eat humble pie, go through the motions and appear to walk the straight and narrow, but don't be deluded about Ruto. He has a serious personality disorder which can't allow him to accept defeat, show contrition and to play second fiddle in anything to anybody. Ruto considers himself and his ideas, however misguided, to be the best and beyond reproach. So wait for a twist to the "I concede".

[@jullietmburu9672]

I find him to be a classic psychopath, or malignant narcissist at best.

[@ajwango478]

​@@jullietmburu9672You are right. Absolutely.He can't be anything else with the kind of traits he is displaying. The trouble is that he is making his own personal medical issue everybody's problem. He ticks absolutely all the boxes to be diagnosed with one of the more serious Cluster B Personality Disorders according to the DSM 5.

[@ndutzz100]

Dr. Rugo should be the Cs treasury. I have been listening to him since this whole discussion of the finance Bill 2024 started. He has a knack for explaining the economy in a way everyone understands..

[@danielkamau3043]

Dr Rugo is the person who should be the cs treasury, has great ideas

[@rotichnicholas7207]

He should actually lead the revolution

[@MysticalMosaicArts]

And those are some of the positions that should be get rid of.

[@emilyosena]

I concur

[@johnmwakilili]

Ndungu is equally as brilliant, so was Rotich..... But if the person who gave you the job is not then your guess is as good as mine

[@alvinzack]

dont fall for sweet words ivo tu😂😂😂

[@kadawamike7770]

Dr Rugo.. wow one of the best guest. Good job spice... Listening from china

[@shinaali6574]

Ruto knew about debt burden and corruption when he was sworn in and had no plan for austerity.

[@okhwawabwile-xr6qf]

One of the best speakers that you have invited here, in the league of Ndiritu, Wanjigi, Okiya, Gathungu and Nyakango. Dont ever desecrate this space with the likes of Ndindi, Didimus or Ichungwah.

[@gilbertngeno6461]

This are the brains needed in national treasury to advice the executive

[@EricMugo-df4bv]

Thank you for bringing Mr.Rugo Do it again and again

[@richardmanono]

Wow! Listening to our good Dr, I am left wondering whether he's the only clever, same mind left in Kenya! What about the mandarins at Treasury, leave alone the CSs or even the president? God help Kenya!

[@MrGimmilove]

Mr. Abraham brings out a very valid argument: The duplication of responsibilities in Government!! The CDF was supposed to be scrapped after the creation of County governments but the Mps went around the law and somehow reinstated it back. This including the many other unnecessary Parastatals should be the first to go in the effort of cutting spending!

[@denniskipro3785]

Insightful conversation.

[@helenmureithi8660]

Kenya is a very rich country with a lot of human and natural resources. It has the right human labour to creat wealth.

[@firdoshvirjee3592]

Excellent analysis l highly appreciate the situation room, very well presented. Thanks to all the three people who educate us.God Almighty bless you all

[@brianbacil3569]

Dr Rugo should be the President and Cabinet secretary for Treasury Kwame Owino.

[@njerikimuhu5974]

Amazing guest, I have learnt so much.

[@edokot]

What a brilliant guy! Eloquent and on point.

[@pamelaotieno857]

Bright minds there. How I wish ruto could listen to such minds.

[@dubatmohamedosman3372]

Dr Rugo you have absolutely said the true situation in kenya.l wish the the head of state listens and takes your advice.thank you for your sincere advice sir.

[@helenmureithi8660]

I am a lay woman, but allow me to suggest that we bring counties to twelve and reduce the salaries of Waheshimiwa but reward handsomely those who work hard. We should stop borrowing and receiving grants but depend totally on our capability while we all work hard.

[@brianoichoe47]

Let's also address of historical injustices and stop selective justice system. Kenyatta family must return all grabbed land in Kenya

[@ellyhenry4083]

Implement the Constitution. Everything else will fall into place.

[@charitykariuki5697]

No one is talking about how the cbk rates hiked last year and has reduced our disposable income.A hike from 7 to 13 .By end of 3 years we loose so much money on interest s.very sad no more people can borrow hence low developments.

[@Play_Streams]

The central banks do this to lower inflation, to reduce the money supply in the economy. This slow down is expected, but hurts more when there is overtaxation and overspending.

[@stevenkabaga3971]

​@Play_Streams does to reduce and to lower money supply,then what follows?no money in circulation, businesses collapses, not personal growth,u live from hand to mouth and you think u know better than Dr.Rugo,??

[@dicksonnjuguna81]

Sasa this brilliant individual should be CS money matters. Brilliant 👏🏾

[@georgekiilu]

Heard the president of LSK say this is the worst parliament ever and I agree. I miss the patriotism of the 10th parliament under Marende

[@jullietmburu9672]

I also miss Marende's time.

[@julietokoth]

I agree CDF needs to go. Maybe use it to pay tuition fees for schools and build schools and hospitals

[@bryanotieno7106]

CDF is piling up the debt trap

[@jameskiarie5944]

This should be scrapped off and it was not supposed to be managed by MPs like it’s their pocket money..!

[@omwana-fo2hm]

​@@jameskiarie5944This, I know many people who shouldn't have qualified for CDF but since they knew something who knew someone they got the money.

[@AmorosoGombe]

Kenya does not need to borrow from the IMF, we need to cut down the size of the government to mission critical entities only. Privatise all parastatals on the NSE and use the money to pay down the debt. Eliminate all official extravagance. Cut taxes (for the poorest and everything they consume) to stimulate the economy from the base of the pyramid and get more revenues from economic growth. That's what we need to be doing. Not running to the IMF to borrow more money for looting & wasting.

[@simondaly9960]

I'm a Brit, and Privatisation is really not a great move. Look closely at how the UK privatised infrastructure is failing. Water is enriching the rich and discharging all sewage into rivers and seas. Electricity is half owned by the French Govt. Royal Mail enriches the rich and is being sold to a foreign billionaire after being run into the gutter and prosecuting innocent subpostmasters. British Telecom is incredibly expensive to subscribe to and haul as much data as Amazon. The NHS is currently being run down ready to be privatised to US Health Insurance Providers. British Gas ran down or removed gas reserve tanks, now struggling to build a new or reinstate dilapidated old tanks because we desperately require gas reserves. There are calls from some sectors to Re-Nationalise all that was privatised since Thatcher 1st came to office. I will guarantee you, the to Privatise Kenya Infrastructure, means selling it off cheap to Foreign (G7) corporates and investment houses, to reduce the workforce, 8ncrease prices, and take as much profit as possible whileletting the infrastructure degrade. You want a wealthy nation and Govt for the people? Find people who want that and not want power and wealth, and they are your best hope to keep Western corruption out and to support your own people and wipe down this debt created by Western corruption.l

[@Vhlathanosh]

"Privatise all parastatals " How is the US doing? Look at their wealth inequality then tell me if that's good for anyone. If you want to pay 1M for cancer drugs try this nonsense. Anyone with a functioning brain wouldn't want 2% of the population owning 90% of the country's wealth.

[@MwangiNjagi]

​@@simondaly9960That's depressing. So that means capitalism is no good!

[@simondaly9960]

@@MwangiNjagi Unfortunately no. Capitalism only enriches the rich. Neocolonialism will kill any African nation who chooses to Privatise their infrastructure.

[@AmorosoGombe]

@@simondaly9960 Thank you for the insights. Food for thought. 👍🏿

[@MultiHabah]

A great man

[@peterwambua2189]

daktari, you are well articulate. you should be the immediate advisor Junguna Ndung'u

[@senagiable]

spice fm please let our next guest be Jimmy Wanjigi

[@bryanotieno7106]

Jimmy doesn't offer solutions to tackle the debt trap

[@djfiddler254]

Very wise man

[@gyeboor1270]

A balanced informed sober commentator in these polarized environment for once. However, I wonder how Dr. Rugo is reconcilling The lamentations of the Police service, the teachers, the counties, the higher education students...All of them need more pay, salaries and other forms of funding. How does the government achieve this while at the same time reducing expenditure.

[@stevenkabaga3971]

u can't comprehend due to your inclined mind and interest,what was austerity supposed to do?is that not money being wasted that can be used elsewhere, ignorance is no excuse

[@gyeboor1270]

@@stevenkabaga3971 where do you imagine that "ignorance" resides? Just between me and you... If I am inclined one way are you not inclined in the opposite? I like the fact that, this guest, unlike many many before and many more after him is using logic and figures.. Ww skjui, ww huenda ni kati ya wale, wale majambazi, the goons or goooonzzzz. Enjoy.

[@musaodhiambo1256]

They are not designed to perform 💯💯💯 Biggest statement of the day

[@lenniefei6710]

What still baffles me is the Middle Eastern countries like UAE, kUWAIT, QATAR,SAUDI ARABIA,OMAN.......Despite not conducting public participatory elections, no civil societies and the like.....They still thrive and develop at a rate which even most of the Western countries could just dream about !!!!!! AFRICA NEEDS TO RETHINK ABOUT THE GOVERNANCE STRUCTURES EXPEDITIOUSLY !

[@smithhemstone4212]

Mahn, I love this show

[@anthonymuchokimurigi1476]

this guy seems to undestand his topic. very good.

[@tobiaslangat9853]

Dr Rugo..i love Budgets

[@tropicalservices]

Guy knows his shit, not just talking but backed by facts. System made to keep such minds far away from the center

[@dennismcodhis776]

In Kenya we have great minded leaders but we keep installing junks into leadership positions. 2027 I think we should pre-select and elect a full cabinet.

[@stellaciku966]

Well some of the brilliant ,once they get into leadership they are radicalized into corruption . Its the system set up.... very conducive for corrupt dealings.

[@josephmegwe3519]

Great mind at work. I enjoyed the insight all the way from Bay Area

[@samuelmacharia3447]

Finally someone speaking sense

[@bonfaceotieno2740]

Some conversations should take atleast 3hrs

[@mungaistephen6964]

This guy is super bright

[@1972543]

Thid chap makes all the sense the govt is lacking ..

[@jebetbetty6986]

Dr. Rugo you have spoken like 10 Men. This CDF thing has been passing me off. Nowadays everything is busara left right and centre from this hand of Government to the other hand making leaders as small demigods!!!. Why cant the Government send it as capitation grant to schoolls. They are being glorified and its oir money. Mp's should be allocated not more than 50 million for development. 2. Salaries of state officers to be sliced by half. You graduate from same university with a comrade. Who becomes a politician earns 1 million and I earn 30k.really???? God bless you for your insights

[@oliverwabwire2836]

All the answers on austerity in 45 Mins.....they'll still go for countless committees.

[@shadrackhoidi6593]

Ruto should get this man to be his economic advisor

[@packlinc]

Dr Rugo, why do we have state houses and lodges in modern Kenya where Ruto flies everywhere? The US does with one White House.

[@alastairjhunter3666]

They’re not Rutos measures. He’s just following his usual masters orders🙄

[@SpraggaBush]

Ruto should reduce his appetite..zakayo is chocking ,he is on resuscitation from KDF 😂

[@janetmabwa4783]

Transport is another area. 1. All public and civil servants should be given a motor vehicle of Kes 2million maximum per staff for only one vehicle and once for each person worklife.. The vehicle belongs to staff from onset. Maintenance of the vehicle by the staff. No drivers. 2. Stop all allowances for salaried MPS, staff etc.

[@evelynoruta1540]

Why why we cry our beloved country gaki people have cried the looters insensitive as if the have no kids and family why yawa 🤔😳😭😭🤔🇬🇧🇰🇪🙏

[@davidmuiruri5190]

MPs salaries should be slashed to 200k maximum

[@Gachemah]

CDF, BURSARY, GAVA OFFICIALS ALLOWANCES.....and so on and so on. The list is endless.

[@johnfelixnatala6777]

My Alumni Nakuru High School

[@rotichnicholas7207]

Such a smart person and passionate

[@mwendapoleee]

Some school kids don’t eat everything they keep some for family at home .

[@atanusachochi7882]

I’m in support to scrap NGCDF

[@johnngigi2080]

This engagement is pretty healthy...one concern..we should start from our 2010 constitution which brought on board a very expensive governorship that this great country can not afford..that is not say corruption remains a huge monster..duplication of works that makes it very, very expensive for our products/services including in export...perhaps its even wrong to reduce this matter to WSR matter...he may have made it worse..but that does not mean all prevous regimes beginning independence did well...WSR may be a capture of the very challenges we are inviting him to solve...yet the beneficiaries in our political class seem to use and benefit from such...It pains when we see folks like Waititu have guts to address the Gen Zs...we have even heard ati Matiangi being proposed as the president and deputised by Kagwe..

[@jullietmburu9672]

Yes, it started much earlier (2013)

[@user-ci1jp2vj3u]

Politicians in Kenya are doing buggerral and yet they keep adding more and hiking their salaries … what do these MCs do? Kenyans also need to say no to being harassed by government workers especially at the airport and passport offices.

[@jameskiarie5944]

Brilliant brain but unfortunately can’t be picked by the executive because they are not politicians. Reward appointments in the cabinet can never move the country forward..!

[@doncorleon9]

The reason for this is government looks at taxes as revenue. The reason Kenyans feel double taxed is because our taxes are setting up and supporting these enterprises but still end upcpaying heavily for services provided for them and receiving very lacklustre services and perfomance.

[@adrianqx]

I have worked with govt , the wastage is astounding esp in what they procure ! this fellows will ask for the most high end in whatever they procure be it laptops , computers,printers etc they will always ask for the highest specifications. machines that a 3d modeller would be proud of, just to be opening word and excel documents . I swear govt can run with an 1/6 of the current staff !

[@judykamau6121]

Ruto should Resign. Period!!!!!!! 👋

[@everlyngathoni3027]

35 parastatals are already being merged and others wound up. It was in the business daily May 16th 2024.. give credit where it’s due friends. But as for keeping watch let’s not take our eyes off them till spending is brought to a manageable level

[@robertmburugu1197]

Sirs, there is some step that has never been visited. I thought input thi idea some times in 1999. The retirement age should be reduced to at least 50years to give room for the young generation to get employment. I am an employee of the government and I have some unemployed sons and daughters. It’s a shame that they are at home while I am still in the job at the age of 65years.

[@MrNicong]

Get serious, Mr Rugo. As an expert, why would you be conflicted by Ruto's wastefulness?

[@user-ns8ob9yr4p]

We need serious austerity measures

[@janetmabwa4783]

The President has already acceded to the Appropriations Bills.

[@joekangethe376]

Daktari you are hitting the nail on the head. Shida ni moja tu, 80% of the moves you suggesting are affecting MPs “money channels”. They will be the same people to fight it and sell to the public a lie that they are being harassed by the government

[@setiandromeda6091]

2 steps forward 1 step back

[@AlbertRabidzi]

Whoever this guy is needs to be protected all costs. Why isn't he part of the "advisory" team to the president?

[@letters-ux2un]

Yes, we need to take away that CDF candy from MPs.

[@evelynoruta1540]

Tx spice do you belove this this kind of guy even ndii sad one day like those brutality during lt mois era even after JM Kariuki Dr Ouko now thus one very few who arranged or killed where are they Ruto and co will look forth and back greed arrogance, tribunalism let him read congo now drc mobutu the monster😡🦬🤷‍♂️just evil churchs includsd 😳😇😭😭🎊🇬🇧🇰🇪🙏

[@winbern_BK_Bernard]

You talking about institutions that we said president is mortgaging our nation.😂😂😂

[@bryanotieno7106]

Kindly go and study Portugal economy and how they managed to get out of debt trap

[@everlyngathoni3027]

How did they do it briefly? Curious to know now if you don’t mind

[@bryanotieno7106]

​@@everlyngathoni3027Kindly Google How Portugal economy managed to get out of debt trap

[@peninahkinyua7077]

Si utusummarisie😊

[@kam2021]

Now when you wind up it means people lose jobs and political patronage is curtailed!! How do you expect people to "eat" when there are no avenues for eating??

[@joskipngeny-fc4kr]

From the look of things and listening to the expert the country is over burdened with huge wage bill and over borrowing... If we must live within our means then we got to reduce bloated parliament, go back to 8-4-4 system of education and bring cbc when we can fund it.

[@wanyonyi41]

Kenya doesn't lack competent minds like Dr Rugo, we unfortunately have allowed politicians to squander our lives by placing incompetent people into service and the electorate too has contributed by voting in thieves into political office. We have all it takes to move forward i only hope the GEN Z can use their new found interest by helping us vote people with capacity to lead in 2027.

[@stanleymumo8548]

Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player. Milton Friedman Let the government do less and private sector do more

[@alvinzack]

i understand every point you have. you have a very good heart. but, 😂😂😂the pigs are the same. 😅😅

[@munabedan]

Call Wanjigi back to studio, I feel he has been finally vindicated

[@alexnjuguna5942]

Me think we have people holding offices who are either feigning ignorance or are inexperienced/not qualified to be there in the first place. Remember the hipped county economic forums?? Where did they store them reports? Who is the custodian of the said reports??? Language jicho

[@myuna6378]

In so many words, he is saying; Ruto is a Liar, Thief and Murderer

[@reubentv2948]

BRING HIM BACK.

[@kmipos]

This is callous, government wastes alot of money on unproductive entities , department duplicating duties and personnel drawing salaries for nothing

[@stevenkabaga3971]

Why don't those parastatal not perform or generate income,?is it because of the incompetence of those appointed to man them or is it because they can't do so

[@tabbyk4660]

Sober guy ...mr. rugo