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Kenya’s debt accrues to Sh304b since 2003

June 28 2012 at 9:20 AM
Mwarang'ethe 

Arent we told how Kenya relies on own and few debts from China!Washindwe

Kenyas debt accrues to Sh304b since 2003
The Government has incurred a total of Sh304.4billion in external debt over the last eight years, a cabinet minister revealed to parliament Wednesday.

Finance Minister Njeru Githae said the amount was obtained from a number of creditors, including the World Bank, International Monetary Fund (IMF) and the Government of Japan.

Mr Githae, however, assured the House that the total public debt is manageable as it currently stands at 47 per cent of the Gross Domestic Product (GDP).

Our debt situation is manageable and sustainable, if it goes beyond 50 per cent of the GDP, then it will become unsustainable. The Government has not been engaged in any reckless borrowing. The budget deficit currently stands at 6 per cent,

6/27/12 5:07 AM
Blogger Mwarang'ethe said...

Kenyas debt accrues to Sh304b since 2003
The Government has incurred a total of Sh304.4billion in external debt over the last eight years, a cabinet minister revealed to parliament Wednesday.

xxx

The ECONOMIST Kibaki (8 yrs.) has borrowed, or, put the Kenyans people into more debts than both:

- Kenyatta (12 yrs.) and
- Moi (24 years).

It is that debt, Kenyans in their usual ILLUSIONS, DELUSIONS and CHILDISH FANTASIES, are calling WISE MANAGEMENT of the Kenyan economy.

However, this means two things in the near future:

(a) more taxation,

(b) inflation and CURRENCY DEVALUATION, and possibly HIGH INTEREST RATES.

xxx

Just a by the way.

We have noted that, these IVY LEAGUE of FOOLS FOOLISH GRADUATES are ONLY PROFICIENT in FRAUD and ROBBERY.

Some as usual doubt this. Well, hear this now:

"The Financial Services Authority (FSA) has fined Barclays Bank a record £290m for attempting to manipulate the interest rates at which banks lend to each other."

NB: You commit fraud, make billions from the SHEEPLE, then, pay a few millions as fines which is used to pay NATIONAL DEBTS!

Source:http://is.gd/mJhdwN

Anyway, we are off to enjoy:

Building Churches (near these BANKS),

and SCHOOLS which graduate:

- proficient thieves, murders and fraudsters

http://is.gd/rKJiRS

6/27/12 11:01 PM

 
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