Ballooned kenyan debt

Circledot

Circledot

Senior Lister
“It may be of interest to note that debt commitment pre-handshake was Ksh. 4.5 trillion&the post-handshake figure has ballooned to Ksh. 11.7 trillion.Was the handshake a license to burdening Kenyans with punitive public debt, punitive taxation, punitive food prices and a high cost of living?

The Cabinet Secretary for the National Treasury exceeded the set debt ceiling without seeking new approval from Parliament in total violation of the Constitution and the PFM Act, 2012...”

ANC Leader Hon Musalia W Mudavadi
 
In post handshake Kenya, there is no boundary between state finances and the private equity of certain family enterprises. The more the debt grows, the more their protected private assets expand. Even taxes levied on fuel and foodstuffs now directly feed the favoured holdings.

Why would Jayden stop borrowing, raising prices and even using parliament to legislate policies and rules that favour NCBA or Brookside?

Raila, as usual, is delighted with the crumbs.
 
You must log in or register to reply here.
Back
Top