Yippee! The Govt is broke, let’s all celebrate

Brief:

The Government is broke! From Finance Minister Uhuru Kenyatta’s look and demeanour as he briefed the press on the current cash crunch at Treasury, it was apparent that after countless denials and promises that all was well in matters economics, the situation had worsened to a point bureaucrats could no longer hide. ...more

User comments(5)

1. On Wednesday April 22, 2009, 2:08 AM , enter full names Kituku Wa Nguku, United States wrote:
  Every year, I travel to Kenya because of the love I have for my country of birth. Two weeks ago, I was in Kenya to visit my my 87 year old sister. Kenyans you are valued all over the world for some reasons I cannot figure out. Please my fellow Kenyans, stop all the lies and trick acts that portray signs of primitivity. We are in the21st century. Is there a government in Kenya? Liars, liars.

 
2. On Sunday April 19, 2009, 1:23 AM , Titus Sirengo, Kenya wrote:
  It is not out of the moon that we can here the minister confess that there is no enough cash for the country. It should not be seen as a surprise with the number of ministers we have, the vehicle they use, the greediness they have, and the fact that they are not ready to pay tax. Shame on him and them. Just compare the number of ministers in Kenya and America, why should we have such a number?

 
3. On Wednesday April 1, 2009, 17:19 PM , S.K. Wasilwa, Kenya wrote:
  The middle class r the main driving force of any country in all aspects and they have grossly let us down me included

 
4. On Wednesday April 1, 2009, 10:13 AM , vikta, Kenya wrote:
  shamongly the life of an MP is superb but the poor suffer, now theres no money.this is a joke from a govt that is spending over30billion on its officials only.surely is realistic to tell kenyans the govt has no dime.we need to reduce the stupidious expenditures n act on wisdom n knowlege on the responsibilty we are supposed to own up to n ths is 90% on the govt because they serve us n represent us

 
5. On Wednesday March 25, 2009, 13:25 PM , James Maina, United States wrote:
  Those who earn must pay taxes at reasonable rates to keep the economy fluid. If marginal propensity to consume is higher than the rate of saving, and the availability of goods and services is marginal, the currency value diminishes, hence low return on monetary and physical assets. For the government to meet its obligations, the tax burden is shifted to the middle class in form of taxes.

 

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