Who is at fault .............. the framers of the constitution or corruption in Kenya
- what abut Salaries Commision................. why do they frame so big salaries
-- what about allowances when Civil Sufferers (servants) and state officers travel ................ most of them arn billions by justngling to travel. not working.
Vrtree wrote:Borrowing to fund infrastructure or refinance high-interest loans and such would yield High returns down the road. Borrowing to fund recurring expenditures, payroll and things that don't contribute to expanding the GDP will certainly skyrocket inflation, for instance. The many reasons why the borrowed money should go towards its intended purposes, otherwise the people end up paying much higher costs on debt end it also errodes greatly that purchase power. The current global economic environment seems to favor developing nations who want to grow their economies, you have too much money chasing too few resources in a financially more prosperous world so quality reigns
Great post!! You have succinctly stated the issue with Kenya's debt. As mwalimu stated, this is a recipe for inflation whose effect will be felt in the coming couple of years. The framers of this constitution may not have intended to have half of total expenditure tied to salaries and remuneration but that is the current dilemma. It is unsustainable.
Both the Executive and Parliament are at fault. Uhuru's philosophy is like the above RV character,
only 60% debt?! USA's was at 130%. We surely can borrow more to pay ourselves!
By the way, our dear President presumably of sound mind just a couple of days ago signed into law, former CJ Mutunga retirement package (along with DPK's).
The perk's include, effective immediately...
- a monthly pension equivalent of 80 percent of his last salary (1.25 million KShs)
- a lump sum five times his last pay(approx.Sh6 million KShs)
- security, medical insurance and a diplomatic passport for himself and spouse.
And of course before we forget, he has no money or way of getting around, so...
- he also gets a saloon car and a four-wheel drive vehicle, both of which will come with drivers and fuel allowance equivalent to 15 per cent of the monthly pay of the serving CJ.
Does he now have enough allowances, how about food? I think he needs a monthly voucher to Nakumatt for say 400, 000 Kshs. Does that cover it? How about unlimited tickets via KQ to anywhere in the world.http://www.businessdailyafrica.com/news/Mutunga-joins-club-top-paid-retirees/539546-3889498-y74d0w/