The Debt Situation: Economist, Dr. David Ndii describes the fiscal and monetary situation in Kenya

[@esaulibuku9176]

Mr Ndii is a very bright guy he foresees the future of this country both politically and economically,

[@kahugumuiruri9057]

Listening to Dr. Ndii, one sees the insecurity in our President to get competent minds to help him run the show.

[@Bartosz_Antonina]

* No 1: Don't Only Hope On Government's Responds On security Matter's And Economy growth, No 2: As An Individual You Should Be Safeguarded And Also Look For Different Self Business And Trade Not Only Waiting on Betterment of Stock market activities, No 3: Most Important Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital, Because Government Have Failed Us In Aspect Of Security, Economics Activities And Other Trading Systems *

[@johnpual7613]

I have always believe in Stock market and other Economics activities but Is really unfair that 2020 trading and stock market is just difficult and unbelievable which is too bad now i rather invest my money only on bitcion and gain more profit in return

[@Lina-Bauer]

Bitcoin trading might make you rich if you are hedge found with deep pockets or an unusually skilled currency trader

[@cassandramatthew519]

After a successful investment you have nothing to worry about whether the rise and fall of economy or anything won't affect you make your future brighter by making good investment

[@chengwang7124]

Exactly that's true if you have a good investor you have nothing to Worry about

[@mirabeljoshua9044]

Currently the rich stay rich by spending like the poor and investing while the poor stay poor by spending like the rich yet not investing like the rich

[@mabolokituyi5781]

UHURU goes to Kisumu to ground break stadium instead of industries that will use the Kisumu port to export it's produce.

[@martinmutie9609]

A great man ready to liberate Kenya economically

[@george1528]

He's honest

[@leonkituyi3935]

Mr ndii is a very bright guy and I like his thinking and also him focusing on the future and also being strategic

[@amorosogombe9650]

Yatani says, "because what choice do we have" cutting exobirtant spending!!! Ever thought of that???

[@tonymarc6576]

Exactly

[@jamalmohamud8615]

That's the elephant in the room that is not being addressed. We cannot afford the current lifestyle we are in and the logical thing to do is to cut our coat to our size and reduce the no of counties.

[@kahugipatrick3184]

Daktari Ndii is spot on as usual. We have really been screwed.

[@kabuthakabutha9472]

Yes indeed

[@josephm6574]

These decisions they made as uhuruto, I wonder what Ruto's plan is to get the country out of the mess if he becomes president. That is a question that his supporters should ask themselves.

[@peacebestill1485]

Yes.... other than planting seeds of “poverty of mind” in our youth in the name of “hustler nation” when he’s wallowing in billions in wealth.... aende mbali sana na Kenyan vulnerable youth...

[@mwafrikahalisi2549]

I thought William Ruto has been the vice president of the country for over eight years and counting! You mean he has not laid down his plan to this day?

[@matts6894]

He is a politician talking too much. Ruth has no solution.

[@biodume3457]

His supporters are blind to see ruto have been in government for the past 7 years and have offered zero in put towards building our economy . We need young new leaders not bunch of recycled egocentric politicians.

[@levimaina3629]

If RUTO is a PERSON who wants GOOD for this COUNTRY, he could have RESIGNED long time AGO, and become OPPOSITION, so as to tell KENYANS that he doesn't SUPPORT what UHURU was doing, and that HE is not PART of It. But coz he ATE with UHURU, he is UNABLE to do that, they can UNMASK him badly.

[@amorosogombe9650]

Ati the only options you have are taxing more or borrowing more. No! Give a form 4 your budget we show you where we can start cutting spending starting with your fat salaries and allowances.

[@johnellistruman826]

Currently kenya only collects 1.8trillion in tax. It's total expediture both recurrent and developmental is 2.38 trillion. Recurrent expenditure accounts for almost 80% of that annually and is set to increase.

[@geoffreynjogu916]

this guy is smart

[@njihiafrancis3351]

Well explained Dr ndii. Where is the solution to the debts and the economy

[@juniorbarjahrussianmade8233]

I Will Vote For David Ndii Twenty 22 If He Vies For Presidency. Great Mind To Lead Out Nation 🇰🇪.

[@george1528]

Well, he hasn't shown any interest in vying for mca,mp,senator, governor or presidency.

[@simonwainaina7360]

no more Kikuyus/Kalenjins.......Remember?

[@george1528]

@@simonwainaina7360 now that's what we call incitement

[@peacebestill1485]

Yes we don’t need inciters at this Point in Time and Ndii happens to be the Supreme Inciter in Chief right now....

[@adanabdullahi5117]

He has my vote.

[@carolinemaina5520]

very true

[@pinkunicornk5114]

Cut the haemorrhage through frugality and zero tolerance to corruption and the public debt will be extinguished like a candle in a twister.

[@martinwarui5259]

Prudence and Frugality!Question is,does the government have that legroom?No!The chicken are coming home to roost.This and the next couple of years will be bumpy.

[@thuok01]

@@martinwarui5259 minimum 5-7 years with fiscal discipline, the latter being most important This bus called kenya is about to stall.

[@martinwarui5259]

And yet what you see in the political class is neither the urgency to aggressively manage the level of the haemorrhage nor a preoccupation with preparing the public for the incoming belt-tightening They would rather lie,deny and distract!

[@glennogolah7480]

Its funny, that the legal debt ceiling was raised just last year and the government has already blown past that figure.

[@hamsinisitini6613]

True. This is the only topic that should be on the table - nothing else matters! Uhuru is the worst person to handle an economy. We used to say Moi was bad , but he now looks like a saint. Jubilee has thrown our future to the dogs.

[@sarahhoare3703]

Very Well out Ndii.

[@gudbifariinta3958]

Bonzification is the borrowing of a new money to pay off interest payments. Bad situation because it’s inevitable

[@koolmartinsart7381]

Where do this money go you can't give us a big figure while this money goes in personal pockets we need relief kenyans

[@freeloader9090]

We need people with the best interest of the Country in leadership.

[@danieloluoch2148]

Starting 2013 they borrowed heavily at the same time looting heavily, Choices have consequences,Mwai kibaki saved an economy that had collapsed from MOI regime.

[@albertmunyui4278]

This man should be the Central bank governor.The creditors own the Kenyan economy,our banks,securities, infrastructure basically every asset we think we have.

[@johnellistruman826]

Yaani Kenya imeomba loan kila mahali hadi sahii inaomba isamehewe hizo deni... Kenya is a broke spendthrift economy

[@jeremiahkioni1523]

We need to borrow more to develop roads and water dams etc...

[@fauziaali4565]

No wonder the country has been in a lockdown this long

[@DaxL_net]

Cut the inflated cabinet and politicians then slash the salaries. We need radical and painful cut to some services. As Uhuru said that China is Kenya friend yet nothing he can show off but accumulation of debt and shown how business is done.

[@murimikaburu1376]

Toll roads coming

[@mercywambui3400]

Where does this money go? Healthcare? Education? Where ?

[@ibrahimabdi3559]

Dr..Ndii a true patriotic Kenyan leade. Always learning from you important issues...not like clowns going insane over positions of power and authority...may the almighty lord bless you for ur truthfulness.

[@kambamazig02024]

Kenya should be reminded of the Portugal, Spain, and Greece, you do not want to be in the same situation - you could ruin your entire economic gains that you achieved in the last ten. Africa should not spend beyond their means. The Paris Club nations are the equivalents of the Merchants of Venice, they will screw Kenya big time!

[@joela87485]

The current situation is simply and basically due to expenditure beyond the income. In this case, loans is an additional income with it's own constraints. Now with this total income, your expenditure is what comes to play. In this states situation I'm sure the government economists and financial analysts, among others, had government clear road map to the expenditure and definitely investment plan was part of it. My question here is simple, and I very sure it's the main issue that was not mentioned into the equation,.... The train had it's destination but was derailed by hijackers = CORRUPTION This siphoned the funds crippling the intended plan and so the destination of our country's economy. Dr. Ndii, our government has absolutely failed to deal with these criminals and so corruption rules and no matter what government borrows, be it a concessional loan or what, it's borrowing for the same criminals. ANSWER: DEAL WITH CORRUPTION FIRST AS YOU SEEK OTHER AVENUES TO REDEEM KENYA, Failure to that, Kenya is faithfully doomed.

[@aminasharif6142]

How can gvt deal with criminals? Kenya is one criminal enterprise. Can you arrest yourself?

[@geopolitics94]

Watching this from Tanzania 🇹🇿 and i can tell you for a fact Kenya is heading to a similar path of the French Revolution of 1789 sort of...smart citizens of that great Kenyan nation will rise up one day. They can’t be fooled for long

[@anthonynyambane7031]

alafu mtu anakuambia Ruto 10 tena another student of moi ,uhuruto came to destroy what Kibaki built what a shame

[@danieloluoch2148]

Facts

[@levimaina3629]

RUTO is part of the LOOTING and a BENEFICIARY too, nothing GOOD about him at all.

[@kogalojowi6680]

This is the clip that should be replayed in Kenyan ears and not BBI, Which has nothing to offer for the common mwananchi, except an extra tax for common mwananchi.

[@blockbusters377]

wakenya hua wanaskia kweli, kama sahii hawajui shida zao zimeletwa na nani,

[@karanjakamau57]

650b for paying intrest alone, ngai baba, na wimbo ni bbi, uhuru cares less abaut kenya, he only wanted power to evade justice at icc. wapi watu wa 5 tena

[@johnmbugua4923]

watu wa tano tena hawawezi kuelewa hayo ,

[@karanjakamau57]

@@johnmbugua4923 kweli kabisa i am from gatundu na ukiona ile umasikini uko huko utatoroka bro, na eti baba amekuwa prezo na mtoto pia, i dont know what we will do to change this tribal mindset for sure

[@bigsmok84]

@@karanjakamau57 what is it with these people abandoning their homelands. look at Baringo, poorest in rift valley.

[@karanjakamau57]

@@bigsmok84 The problems of kenyans is not tribalism, no no no its INABILITY TO THINK PROPERLY, having your person at statehouse does not give you succses, good leardership does, and whats what we are lacking in kenya

[@AH-vw9nq]

Our fiscal status is a fiasco at worst & untenable at best. GOD help us.

[@fredrickmwau764]

An IMF straightjacket is a fitting end to Jubilee's reign of hubris, blunder, plunder, squander and abracadabra - Dr. David Ndii

[@hellespont1]

Dr. Ndii you a brilliant mind and good analysis on our ecomomic/financial status. However I think the real problem is is not lack of technical minds in the government treasury but political opportunism. High level politicians and cabals who will forever frustrate the well meaning technocrats by coming up with white elephant projects and measures to line their pockets and forcing them down the throats of administrators. It's teribble what happened to rotich, thugge and others just because powerful figure had to force expenditure on dams that will never be built. Add all other Anglo leasing type projects and you realise it's high level corruption and not lack of minds that forces us to firefight ballooning debts. I pity yattani for inheriting an already terrible financial situation

[@johnwanuma7209]

This president is leaving us in pain

[@mabolokituyi5781]

Then add on Expanded executive proposals by nonsense BBI

[@margaretschrader534]

It is only government interest, for example BBI is not for small fish it is for big fish or for some county to benefit. Some county’s are really suffering a lot because of income but the government they’re only thinking for BBI it’s really a shame, may Lord have grace upon Kenya

[@koolmartinsart7381]

Do you mean Kenya does not produce anything to the world market and you've killed all companies that produce exports coffee iko wapi cotton iko wapi wool iko wapi where did they go

[@byron7676]

Where are the cows to listen to this?

[@tonymarc6576]

Says the man who has been borrowing blinding

[@muziki79]

People called Ndii all sorts of names when he started complaining the new jubilee government borrowing habits...I think now we can clearly see that the good economist now stands to be vindicated

[@cnyagah]

Politicking is NOT an economic activity thus cannot generate tax revenue. Kenya requires to produce good/services that other countries are ready to pay for. Our bloated bureaucracy is the cancer that needs to be dealt with. Ask Argentina , Venezuela,Greece

[@youtubecommenter4069]

China is an alternative to the Paris-Club but the politicians and China have found a way of inflating the prices of projects being carried out ending up in the same case of overburdened citizens.

[@fredrickmwau764]

Who are the government economic advisers?

[@redrickmunyao9264]

Sadly, Kenya has none

[@bigsmok84]

@@redrickmunyao9264 the one and only, the mighty bull slayer, the Iphone is nothing to me guy, mr.......Atwoli

[@pinchesmbuche4354]

Cartels are waiting for the money hurry up, ,,,,,,,,.

[@muthurimugwika5663]

Kitili's questions were shallow and repetitive much to Ndii's discomfort. Should have done more research to ask tougher questions in the purview of Ndii's intellectual stature

[@williamkirima8295]

As much as i appreciate David ndii about being a realist on our economic status, he is a hypocrite for supporting a quarter of those responsible for getting the country there.

[@MrPushAT]

Supporting people doesn't mean you support every decision they make. Fact is the country is in sh*t and it's the current government's fault. We now need to figure what we will do about it as Kenyans!

[@Samuel-gq4zk]

Ndii is wrong and I can easily demonstrate how. Mistake no. 1; use of first 5 months of current financial year figures to draw wide conclusions. We were under lock-down! In statistics, we call that an outlier, (you couldn't travel from one county to another..without police pouncing on you). I am actually pleasantly surprised we managed to collect over 500b! Mistake no. 2; Tax as a percentage of GDP. He says we now have 11% available as opposed to 17%, when Jubilee came to power. What he doesn't tell you however is that 11% now is actually a lot more than 17% then. How? GDP was 5.4Trillion in 2013, it is 10 Trillion now.... and growing.. 11% of 10 trillion is more than 17% of 5.4 trillion. Mistake no. 3; Tax paying private sector is not growing... That is a blatant lie. Tax has grown from 800b in 2013 to 1.6 Trillion before Corona. Mistake no.4; Local debt, (ksh denominated) which takes almost 3/4 of interest repayment.... We should be celebrating that. Not condemning it. All over the world, as I write this, over 15 trillion dollars is invested under negative interest bearing arrangements. That will have a profound effect on things like pensions in future. Is it not a good thing therefore that our pensioners are earning a decent return, as their money helps us build roads? That is a sign of a balanced set up...a win win. Mistake no. 5. Under-estimating investment in infrastructure. Since Industrial revolution in England, internal communication structures have always been recognised as key to economic take-off. Kenya will not be different. The big problem however is that return on such investments is too slow and long-term. That is the 'square' economists at treasury and CBK are trying to 'circle'; as they juggle Chinese, Eurobonds, IMF debts etc. The idea is to try and buy time; as the slow trickle of returns gain momentum. These brilliant people in my opinion should be celebrated. Not vilified. Lastly China: Ndii is right they made a mistake.... by lending too much under belt and road initiative to people who could not repay. I struggle however to see how they made a mistake and those who took the money, (Kenya anyone!) also made a mistake? China in my opinion was behaving like a new bank coming to your town with doors and vaults open! Question is, should you should you not; take the money? Uhuru decided to walk in and help himself, (he would even have taken more to build SGR to Malaba, if they didn't stop him at the door!). According to some figures I have seen, the two leading foreign lending banks in China, Exim and development bank have cut lending from 75 billion dollars in 2016 to 5 billion dollars last year. That is a brutal slash! Some of our neigbours who were offered billions by China to build their SGR refused to take it. Now they are courting China, when vaults have emptied!

[@kevin85ify]

You are the first person I heard speaking objectively and factually. I have tried to tell people the same and all just look at me as if I am mad. What they want to hear is Tanga tanga and kieleweke.

[@Samuel-gq4zk]

@@kevin85ify December tax figures have just been announced. We collected 166b. That completely blows Ndii's argument out of the water. At the beginning of the interview, he estimated revenue of 110b per month...a difference of 56b, (166-110)! For arguments sake, let us reduce that to 35b extra every month; (assuming December was an exceptionally good month). We'll have an extra 420b, (35x12) to play with in a year. That is almost enough to pay interest on the entire debt load, (Ndii said 450b in needed as interest payment on both domestic and foreign debts for a year).

[@cnyagah]

GoK should go the Cyprus way and give a hair cut to bond /T-Bill and Depositors

[@kukumdogo]

He could be a good advisor to the GOV. We are broke as a Country. Parliament is just a rubber stamp. Treasury will go again and again to parliament to increase the debt ceilling. Waheshima will get their small cut to pass the bill on the expence of wanjiku. No wonder DRs are striking and very soon civil servants will be on the road as well.

[@koolmartinsart7381]

You borrow enough but you spend less on the work intended but much goes to your pockets 😮 whereby the work is not finished but the money is spend ,then we need to borrow more and as usual spend less again on the work indented to but much goes to the accounts of those in charge .

[@Dennis_Okelo]

Theres a time when Dr Ndii was a nuisence and irrelevant among a sect of voters. It tells you how voters have contributed to impunity (Uhuruto), and Sonko. God be glorified coz they are now seeing the mess they plunged us into.

[@tonymarc6576]

Well said

[@1977tenis]

I regret n apologize for voting in jubilee in 2013 n 2017 where we trounced ODM n NASA comprehensively

[@charlesbabu5845]

Sorry but i think they've not.The same people are crying for Ruto and Hustler nation forgetting that Ruto has been in govt for 8 years hence part the problem we are facing today.

[@tiktak1448]

And bbi is all about more thieves neel down let's pray zile za dimi abalabala blebleble aaachwaaa asidwe amen

[@johnmbugua4923]

kulipa deni ndio dawa ya mkopo. ................................. to every body not necessary the government if you borrow from a bank you have to pay and pay alone, thats the truth. wakenya walifurahia sana wakati mkopo ilikuwa inachukuliwa hata karibu kumnyorosha david ndii , sasa wakati wakulipa umekuja wanaanza kumlilia ndii. wacha kwanza walipe ndio kesho wakiambiwa kitu wanasikiliza na watofautishe siasa na deni. siasa utapiga na deni utalipa hiyo ndio ukweli hapana zoea kukula pesa za wenye halafu unaanza kulilia watu . benki haiwezi kukusamehea

[@charlesbabu5845]

bado machozi bro..wait for Ruto and Hustler Nation to take over...Mind you Ruto will be president for life like M7 .If you have money hii kenya utahama.

[@rAjanItjJa]

What do you mean "...if he read what you have written..."? These are slay kings and queens. Their capital is in their beauty and size of bums.

[@rosemarymungai2415]

pesa ya wakenya iko kwa hizi wheelbarrow ngombe zinapeana waende waone dr ndii akili zao ni kama zimejaa shonde watu wa serikali akili mulipeleka wapi amukai chin mjali watoto wenu wasio zaliwa kweli moi aliwalaani cha kweli sisi nikuwachekelea mukikua mawazimu na kutembea uji kwa kila soko mulioko lahamu imejaa kwa nguo zenu mashetani nyinyi.

[@maggynowak3555]

We are finishing with Uhuruto tano tena. Those who voted ×3 = doom.

[@tafari988]

The Ballooning debt is about to swallow the country, but they're busy building stadiums in every county..😁

[@kitony]

Basically uhuru has failed...just whining that he knows what is good for Kenya and issuing empty threats to the so called thieves

[@commentsthatwillannoyyou9873]

You borrow and steal half

[@tonykipchirchir5477]

uhuru HAS BORROWED ALOT THIS YEAR TO FLEX ON KENYANS WITH PROJECTS WHICH WILL BE DONE AT THE START OF 2022 , THIS ARE THE BRIBERY PROJECTS , THIS ACCOUNTS TO NO PRODUCTION INCREASE SO DOES THE GDP .

[@angnje2052]

Honestly speaking when Uhuruto came to power they were smart boys. Only they dint know when to Stop. Then I guess when Ruto would have Tamed Uhuru, He , Uhuru had become too arrogant and was DRINKING too much. Much of the borrowing decisions I guess was made by a tipsy mind. It’s like country is gradually committing suicide . Need to stop all projects, salaries of fat cats halved, raise taxes for anything luxury DECLARE can’t pay won’t pay. Otherwise we move from distress to mental depression. This is MADNESS

[@charlesbabu5845]

As Much as you want to sanitize Ruto and only blame uhuru..that can't happen. Ruto was part of the problem so stop lying to yourself.For example the Cs for finance was Henry rotich(Ruto fan boy).Through Rotich Kenya has borrowed more and lost more. Infact Ruto is to blame more than Uhuru.

[@levimaina3629]

For your INFORMATION, on the FLIPSIDE, you have to KNOW that RUTO was LOOTING (left), (right), (forward) and (backwards), that was when UHURU was (drinking) to SLEEP. That's why HE can't say ANYTHING about the DEBTS, coz he is a BENEFICIARY too

[@rufusgitau1177]

Yatanni is cursed 🤣🤣🤣

[@houseofjudah7470]

ACHENI HIYO UJINGA YA CORONA ,MTAKUFA NJAA NYINYI

[@hnaf6279]

Tanzania kumefika simu jameni?

[@rosemarymungai2415]

Call a sped a sped uhuru is the one borrowing and stealing it with his family now raila is inn also to steal with him i pity kenya when youre laughing at ugandans see nakedness first this government ruled by international thieves of high end .

[@julianahmongina5206]

Ruto took almost everything

[@charlesbabu5845]

how convenient of you to leave out Ruto

[@bigsmok84]

Uhuru and his sycophants, ruto and his sycophants and now raila and his sycophants. Just so you know voting BBI increases sycophants whichever way

[@enterpreneur9738]

Kizungu mingi. Wacha hustler aingie. Mukitafakari ya musa. Mutaona ya firauni.

[@tiktak1448]

This a case of a thief stealing from his right pocket then hide in his left pocket and then bolt shouting thief thief help they borrow from manipulators and then steal the loot and take it back to the manipulators offshore heavens kazi gani hii upus After the convid and kemwarer dam thuggery I don't know who else realised the offshore trips that were done within a short term

[@houseofjudah7470]

ACHENI HIYO UJINGA YA CORONA ,MTAKUFA NJAA NYINYI

[@murimingari1709]

Nani amempa huyu bundles?