It is official-Gatheca has ruined our economy

Mr Black

Elder Lister
A think-tank based in the UK produces an annual Prosperity Index Report, they have confirmed what we have been saying all along.

On the Economic Quality front, President Kibaki's administration scored 51.9 points compared to Gatheca's 49.7, this inspite of the PEV in 2008 which tanked our economy plus the global economic downturn in 2008, Gatheca is so bad he couldnt even equal Kibaki's record despite two catastrophic events.

Worse still Konyagi1 has borrowed 3.4Trillion compared to President Kibaki's 1.1Trillion, for every 10 shillings KRA collects 7bob goes to pay debts, job creation is at an all-time low.

On fiscal suitability we have dropped 40 places down to 144 out of 167 compared to 104 under Kibaki, we are in the company of wartorn nations like Syria and Yemen!



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Mr Black

Elder Lister
all the hype and hoopla
people taking polar positions on things they don't know...
Treasury has been setting unattainable revenue targets over the past 5 years and missing them every time, in 2018/2019 the deficit was a whooping 280B, that way our debt repayments to revenue collection ratios always hover around the 60% mark yet those targets are always missed.

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In 2019/2020 we shall repay 1.1Trillion out of taxes collected from kenyans standing at 1.58Trillion in 2019:

1100 ÷ 1580 =69.62% which is 70% really, 7 in 10, 700Billion for every trillion.

And debt repayments do not include payments for pending bills which are in excess 100B and Treasury commenced payments in July.
 

Anglututu

Elder Lister
It's been official so many times but Kenyans are so soft we just adjust and adjust, till when I really do not know.
 
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