Kenyas Debt Cycle:Every Kenyan born has 139k debt

[TrumanCapote]

 

[TrumanCapote]

You know things are bad when debt incurred by government on your behalf is more than any debt you have ever had and more money than many Kenyans have seen at a go. Yet borrowing continues unabated for none income generating miradis. Majority of the money is looted.

 

[Simiyu22]

You know things are bad when debt incurred by government on your behalf is more than any debt you have ever had and more money than many Kenyans have seen at a go. Yet borrowing continues unabated for none income generating miradis. Majority of the money is looted.

Good video but it jumps around alittle bit. You see the government doesn’t have enough income sources. So they have to keep borrowing to pay recurrent expenditures. So each year is more expensive than the last. And we don’t have additional resources. They loot money meant for projects because the current incomes can’t even meet expenditures. This happens even at county levels.

 

[TrumanCapote]

Good video but it jumps around alittle bit. You see the government doesn’t have enough income sources. So they have to keep borrowing to pay recurrent expenditures. So each year is more expensive than the last. And we don’t have additional resources. They loot money meant for projects because the current incomes can’t even meet expenditures. This happens even at county levels.

I guess it's showing the impact of borrowing especially from China across the country. Everyone is affected. All taxes are up and the country is rapidly becoming an oligarchy with China as the pay Master. I wish you had a tally of how many prime properties China has in Kenya, you would realize how dire the situation is especially because China will add nothing to our economy since they bring even their own eggs.

 

[MortyTuumbo]

This debt thing is psychological warfare. They’re countries with almost 100x Kenya’s debt and the people in those countries aren’t worried.

I think the biggest mistake we made was rebasing our economy. I mean we can rebase again but it’s a double edge sword.

There’s still limitless potential in unlocking our agricultural sector. We keep growing the same things and exploiting our farmers.

 

[Mwanakijiji]

Good video but it jumps around alittle bit. You see the government doesn’t have enough income sources. So they have to keep borrowing to pay recurrent expenditures. So each year is more expensive than the last. And we don’t have additional resources. They loot money meant for projects because the current incomes can’t even meet expenditures. This happens even at county levels.

Recurrent expenditure should be reduced to match the income that is what normal people do. They loot money meant for projects because they are thieves.