The Big Conversation | Kenya's Public Debt: Finance Bill 2024/25

#CitizenBigConversation #FinanceBill2024

[@kelvinwainaina6973]

Kenya needs a leaner efficient Government, reduce number of counties, Mps, scrap women reps and ensure there is no overlap in government agencies like kenha, kura and kentraco/kenyapower, reduce government borrowing and allow private sector access to cheaper capital and finally reduce cost of electricity and fuel and we shall have a thriving economy

[@soupgod1448]

Not reduce counties but remove the useless ceremonial government roles like nominated senators and nominated mps

[@markpishon]

Can we elect you .

[@DesmondKarani]

Politicians know exactly what to do. The problem is greed for power over decisions. Everyone feels they need to be the ones doing all that, else they sabotage plans they feel won't "benefit" them directly. Everyone wants everyone else to fail so they can the "savior we need."

[@theleshan]

Agreed. Easy as that

[@henrywarui590]

​@@markpishonu r one,of idiots that is causing Kenya harm

[@m31vin]

I can assure you that 70% of these loans were misappropriated. They aim to establish their empires at our expense, but the Kenyan voter is not discerning; they will elect leaders based on tribal affiliations, so be it.

[@moo4k666]

The question here is, WHERE DID THE MONEY GO TO? WHAT HAPPENED TO THE MONEY?

[@birianination7097]

The roads, housing project, the port, the SGR train, the expansion and renovation of the airports. All good projects but cost money

[@josephmuiga-gx8vu]

Mungu tunakuomba upunguze tamaa ya pesa kwa viongozi wetu.

[@kevinmuriuki5373]

This debt should be paid by all the previous and current politicians

[@gunnz1402]

%%%%1000

[@danielkaruga7770]

Zakayo found 8.6Trillion in office, he has borrow more 1.5trillion in less than 2yrs

[@the_gamer_kinda]

7 trillion in 1½yr

[@whizzurp]

Were you living under a rock when he said Kenya needs ksh.1 trillion each year to sustain Salaries for public servants?

[@peshfra6026]

To this day I have never heard what the first eurobond did to our economy..raila raised that it was stolen but we did not listen

[@williamwatitwa3534]

He is also now riding with ,kenyatta,

[@janetnjue3970]

Thank you Yvonne okwara well explained

[@Showyouaroundme]

All I'm hearing is we're broke, broke, broke, broke, did I say broke again.

[@nduxmaryam]

We are sooo done.

[@Davidmuchigiri-wv3uy]

😞😞.......and now I wish I took that business class i don't understand 😢

[@StephenMumbwani]

Thanks for the breakdown. from this I can say we are dealing with a problame from the past but had we not gone for the consesional loans that come with conditions, what would the alternative look like?

[@rophusmsinga6749]

With all taxation for all these years the debt has reduced by just 1 trillion?nipeni Mimi hii kiti 2027 just 1 term

[@nickkaol]

Na ili reduce just because the kenyan shilling gained smh.

[@Edwachable]

I agree that the tax burden is so huge on us but if you think the next guy will simply reduce taxes and pay more debts, you might have another thing coming.

[@nickkaol]

@@Edwachable hizi loans do more damage than good kwanza ya IMF. Thomas Sankara refused imf loans he was assassinated Traore of Burkina Faso has rejected IMF loans assassination attamps amepata mingi sana.

[@williamwatitwa3534]

The person who got us in the ropes is kenyatta the only way to get out is pay ,

[@Edwachable]

@@nickkaol unfortunately our only other choice was to default on the loan, or never take the loans in the first place. Conditions za IMF lazima we abide, otherwise we find another source of money. Good luck with that.

[@giikuyuu]

They be fighting china cheap loans and turn a blind eye on imf and EU expensive loans that have been in kenya for decades depriving kenya to poverty .

[@Advic77]

The China loan may be cheap but it will erode the country's sovereignty, hence the reason for the headache to pay back promptly. I'm sure you know about the case of China taking over some port of some countries they gave loans to but could meet the terms of payment.

[@danielkaruga7770]

Ruto told us he has been paying debts, amelipa ngapi?

[@Pablo19986]

Nashangaa

[@Pablo19986]

Ametumia kushuka k a dollar, we had 11trillion ikashuka Hadi 10 so anadhani tunajuwa amelipa

[@danielkaruga7770]

@@Pablo19986 The day Ruto took power, Kenya has debt of 8.6Trillion,

[@Pablo19986]

@@danielkaruga7770 so it means in less than 2 years he took a loan of 3 Trillion 😭

[@Oh-God-Of-All-Creation]

​@@Pablo19986 no not really we never made a deposit in the last year. The value of the dept will change everyday depending on how the Kenya shilling performs on the US dollar.

[@user-gw6fd6cq7p]

Expect to VAT to hit 23% by 2027 and prepare for a plethora of stealth taxes.

[@vw2327]

We need to start adding (ppp)s to our debt,if your electricity is costly due to ippps,cargo due to railway levy,next mombasa road,to be guaranteed by kenyans 500 billions.

[@charlesodeny3096]

If the World Bank loan is to pay Eurobond and China loans, how come those loans have not been paid?

[@Edwachable]

These loans come with a date of maturity which means we cannot just simply avoid paying just because we want to. If we didn't pay them we would end up in debt default. Instead what we are experiencing now is debt distress. The right steps are being taken, albeit challenging.

[@williamwatitwa3534]

Because debts mature , most mature after 10 years , so now its time to pay

[@petermuguro7462]

The audio is right sided. Check it out.

[@leeban1917]

When Uhuru was going we didn't owe pple many money like this ooooo better this black man to stop his Nonesense ooo

[@Fabianmulwa]

Why is this debt not coming down significantly despite payments?

[@josephmuiga-gx8vu]

State House will get an extra1000kg of sh notes1000,Gachagua will receive about 500kg extra of sh 1000 notes .Mungu asaidie Wanjiku.😊

[@feiswalsalim2117]

my dia hizo zote natumika hakuna hata baki katika hizo peaa ndio maana dollar unashuka thamani hatuna baki katika bank kuu kisaa tunasema dillar iko juu kisha export hatuna jwa wingi tunategemea inporty only

[@shaquillekuta5109]

If you all watched today's debate ,you can just clearly see how Moses Kuria is clearly evading questions asked by our own Yvonne Okwara .

[@trillionsam2428]

I wonder whether the slogan 'kulipa ushuru ni kujitegemea' makes sense or still exists koz naona tunalipa ushuru ilhali the national debt is balooning 😮

[@Happyblessing254]

Kenya-IMF republic

[@abdallasarai6327]

We are 54M citizen, for 5years each mwananchi 50bob hatuezi maliza hii?!! N how much do gov take from us?! Nkt!!

[@naizcomics]

With 50 million people, you would need each person to raise about 40k per year, for 5 years in order to raise 9 trillion

[@njorogewarui]

You know you can upload longer posts right?

[@mufush]

Who cares about the swelling debt? Yvonne will you marry me?❤

[@shammyshammy5539]

😂😂😂

[@justinebosire9804]

hii umavi ya women reps cjui senators governors umavi tupu

[@davidtimayio964]

Imf conditions are sweet

[@nkathagitonga5229]

Waaaaaa.....sina maoni

[@anastaciamurungi8150]

Where can I get such a blazer

[@josephmuiga-gx8vu]

Tayari mps wameanza kununuliwa ndiyo bill ipite.

[@GeorgeJohnson223]

Climate change?

[@Blaze_Donn]

Tungechagua wajakoya tungekuwa tushalipa tushapunguza hizo deni

[@feiswalsalim2117]

ni parasestoo ni gapi sababu kubwa parasteto hazina watu wako saw namimi najuu walikuwa wako navsheya za parasteto is big bozy or big mum haiwezekaninkuwa sheyaz hazisaodi kuogeza jwa pesa conrol bei ya dollarz

[@patmuthoni]

Euro bond na China ni shylocks at a higher level

[@samvande2002]

Nyie mnashangaa hiyo,njooni tanzania muone😂,deni kama lote

[@hafydhmo9566]

Yaan wewe deni la Tz ni trilion 60Tsh hio ni Trillion 200Tsh zinalinganaje

[@CalebMaina-lf5po]

Pesa ya Kenya SI kama ya Tanzania

[@hafydhmo9566]

@@CalebMaina-lf5po sisi tuna deni ila sio kama hili la kenya ni kubwa sana😀

[@dizdimples]

​@@hafydhmo9566exactly your government is being run very well madeni ya TZ zijafikia kenya hata kidogo by 2027 your country will overtake kenya so wachana na huyu anasema hapa ati pesa ya kenya si kama ya TZ.

[@AnnMwale]

Kenyans mta amkah,,,

[@J-c-d8f]

Damn

[@ajode1789]

She doesn't understand rebasing. 😅

[@absomedia1992]

Oxygen taxation is comming be ready

[@StephenMumbwani]

Thanks for the breakdown. from this I can say we are dealing with a problame from the past but had we not gone for the consesional loans that come with conditions, what would the alternative look like?

[@williamwatitwa3534]

The alternative would have been , uruhu inherited a thriving economy he had the perfect opportunity to expand the tax base and use taxes to put up infrastructure not focus on borrowing,

[@StephenMumbwani]

@@williamwatitwa3534 by alternative I am refering to the current situation not what would have been done. what would for example not taking concesional loan to repay the commercial one. what would it have looked like?