I look forward to seeing how things work out especially on export substitutions.... These are the kind of converstions journalism should be about.... Great job the Explainer!
..we voted into office educated thieves who have figured out since 2010 that it is more profitable to steal the loans they borrow under our name and make us pay for it by hiking the taxes in order to keep their ATM( which is our good name and credit in the international lending markets) solvent. Waiting to steal tax collections was so 1963-2007 and would never get you into the billionaire class.
Something very revealing caught my attention.. If you listen to Ndindi Nyoro at 7:22 , you hear him say that we're repaying 1.08 Trillion in both local and foreign debt repayment in interest rates, but almost 75% of that(750 Billion) is debt repayment to local lenders. Going by figures, we have more external debt(around 5.1 Trillion in a total national debt of 9.6 Trillion) than local. The President has always indicated it is better having a big chunk of our loans being locally sourced due to better interest rates in comparison to external loans interest rates. Ndindi's statement indicates otherwise, it is evident locally sourced loans attract more interest than externally sourced loans.
Kibaki alikopa dollar ikiwa 80ksh now we are repaying external debt ikiwa 130ksh.a country can handle internal debt easily through inflation. Be more worried about PPP's like express way.coz the it's external.
@@brainywriters3446 am saying the 10% interest rate on eurobond is deceiving compared to 16% local currency. local debt=interests- inflation rate,while eurobond =interest+%inflation.
Huyu Nyororo story ya jaba ndio mingi, two years down the road and only increasing taxes with nothing to show for it. Huyu ni kikaragosi wa zakayo, bure kabisa kama mavi ya kuku..
Ndindi 'Billion' Nyoro for the first time have come to understand you are avery bright guy ... kindly manage our economy effectively .May God bless you all and the president.
Hon. Nyoro strugling to explain his numbers, Dr. Rugo objectively educating the people. At the end of the day its about factual numbers. Finance Bill 2023 has not yielded results, our deficit this year is already at 900 b up from 600 on paper. The 500 b for 2024 will also go up because the ability to raise 2.9 T seems far out of reach.
The topic is great. However, it lacks data. If inflation was@5% provide sources or graphic display, to prevent he said/she said. Would make the discussion more informative.
The 2024 finance bill should allocate more to education, disaster preparedness, agriculture and healthcare and on improving other pillars for industrialization like low cost transportation systems like rail transportation
This is purely a budgeted corruption where vital areas like agriculture, education and health have seen a budget cuts this are areas which touches mwananchi directly hii ni serikali ya wadosi
I will make it simple, if you see them raise taxes means we are not selling so they raise taxes for them to meet the allocation. So they raise taxes that means we are doing very bad economically this is what we get when we keep economists and politician in power they have no mercy in their hearts
Sometimes it is better to just say.... you are not very sure about what you're doing and LISTEN to experts and to the CITIZENs. And if you are sure about what you are doing, search your soul, is it right to reduce funds to citizens that need it most? Search your soul. Is it right? Is it fair?
Education, health and agriculture and yet he talks of next year Kenya will be food sufficient. How is that possible with the cuts? What is more important, health or immigration?😮😮😮
This is a world bank budget. Austerity measures on social services like health and education to be taken over by private. Remember replacing NHIF? 2. They are starving agriculture so as to encourage importation. Last but not least security. Kenya is now a police state. RIP gen Ogolla
Its Okay Overtax 😂....But then Again We want to See how much of the Debt We have Paid ??😂...whats the Remaining Balance??? Or Are We Just Overtaxin without Austerity Measures?
Hao huwa wanajua anything?Bora wao wakule na wafanye chenyebwameambiwa,ati wanalipa madeni hatujawahi ambiwa ni ngapi ,na wamelipa ngapi na imebakia ngapi na ilifanyiwa nini?
33:55 Kenya's economy only grew because of: Extreme borrowing by this government from local banks - leading to high profitability in the financial sector Good rains - which this government shouldn't take any credit for
This is a clear show of how well Dr. President has trained his maceneries marchiing forward is to cause confusion and limit understanding and comprehensiveness of things
Imagine that the one speaking nonesense is the one we voted for... let that sink in. We did this to ourselves. It's not that we don't have good and smart people, we do. We just prefer crooks and content creators to lead us
All the housing levy funds should go towards industrialization (and not houses). Once employed and earning well, kenyan's will build their homes. Agreed, there should be social housing to help the transition and the rent should be 30% of the minimum wage
My worry is not about these projections, I am concerned about the budget allocations whereby billions are added to the office of the president and DP without portfolio
seems you definitely have been mersmerised by the eloquence, but the brilliance is amiss bro, if you really understood the conversation your MP is at loss of explanation here
I will make it simple, if you see them raise taxes means we are not selling so they raise taxes for them to meet the allocation. So they raise taxes that means we are doing very bad economically this is what we get when we keep economists and politician in power they have no mercy in their hearts
Cut everything but expand govt by appointing 51 CAS costing 10b a year who are not needed,but are gifts to friends and political supporters and rejects
So when people are evicted rrom their place of living without an alternative without resources and he claims that they have alocated resources for these situations ? Kenyans are smart than he thinks . Eat and go you but it is a curse to your generations . Travel and use the resources which you tax the poor. Celebrate and celebrate .
The budget is not devolved how do you relocate money to the central government and counties don't receive allocations, education is the only thing that Kenyans can claim is valuable
As much as you all trying to deny I know deep down Ndindi Nyoro has convinced your hearts 😂😂because even Yvonne and Daktari look convinced with no questions to ask but keep going back to one thing "hustlers"😂😂
Every time you step on the poor God steps in it will not be well with things are getting out of hands .you cant take from the poor and want it to go well rethink all is not well
a common practice has been to move certain lucrative tenders to the Ministry of defence so that they can evade scrutiny. Government can then single source or award to whomever they choose as the tendering in the ministry of defence cannot be challenged since they are confidential.
Nyoro is talking as if he is passing an exam and is busy trying to convince himself with budget jargon. Dr. Rugo knows what he's talking about, he simplifies and he is in a much better position to make the layman understand.
Dr Rugo was on a roll. Not letting anything slide.Very good accountability. As a people we need to put our foot down.
I look forward to seeing how things work out especially on export substitutions....
These are the kind of converstions journalism should be about....
Great job the Explainer!
Why is this government starving yet milking a Kenyan? What wrong have Kenyans done to this government to deserve what they are going through this?
..we voted into office educated thieves who have figured out since 2010 that it is more profitable to steal the loans they borrow under our name and make us pay for it by hiking the taxes in order to keep their ATM( which is our good name and credit in the international lending markets) solvent. Waiting to steal tax collections was so 1963-2007 and would never get you into the billionaire class.
Please next time bring us Nyoro vs Sifuna , someone to hit hard where needed 😂😂😂
I abosuletly agree with you 💯
Economics sifuna ako nje sana bt constitutional law ndio ako sawa
Unataka sifuna
Additions and deductions actually indicates rutos priority. All the increased areas are associated with his reelection😮
Cutting down on Agric, Education, Health..These guys are not serious
Agriculture which means the population is growing but less food,who does that !?!?🤬🤬😡😠😤
Defending the indefensible, that’s why he’s grinning
Something very revealing caught my attention.. If you listen to Ndindi Nyoro at 7:22 , you hear him say that we're repaying 1.08 Trillion in both local and foreign debt repayment in interest rates, but almost 75% of that(750 Billion) is debt repayment to local lenders. Going by figures, we have more external debt(around 5.1 Trillion in a total national debt of 9.6 Trillion) than local. The President has always indicated it is better having a big chunk of our loans being locally sourced due to better interest rates in comparison to external loans interest rates. Ndindi's statement indicates otherwise, it is evident locally sourced loans attract more interest than externally sourced loans.
Kibaki alikopa dollar ikiwa 80ksh now we are repaying external debt ikiwa 130ksh.a country can handle internal debt easily through inflation. Be more worried about PPP's like express way.coz the it's external.
@@brainywriters3446 am saying the 10% interest rate on eurobond is deceiving compared to 16% local currency.
local debt=interests- inflation rate,while eurobond =interest+%inflation.
Huyu Nyororo story ya jaba ndio mingi, two years down the road and only increasing taxes with nothing to show for it. Huyu ni kikaragosi wa zakayo, bure kabisa kama mavi ya kuku..
Very useless story that doesn't add
He's trying to confuse us with trillions and billions but we refuse to loose our focus.
Agree with you. Ndindi Nyoro is trying to use all the jargon for common man not to understand.
Ndindi 'Billion' Nyoro for the first time have come to understand you are avery bright guy ... kindly manage our economy effectively .May God bless you all and the president.
You are confused by the millions and billions😂😂😂 wueh
Comparisons should be realistic..we dont have similar economies..how do u compare a first economy with a developing one
Yvonne has done so well to deconstruct everything here
Budget for mabwenyenye ...
Security sector is usually the easiest Avenue for the bosses to steal money..they are not subjected to audit!!
Nyoro is talking in superlatives, jumping all over the place. Sounds more like world salad.
That's because you didn't listen when in class
😂😂 world salad!!!
😂😂
Hon. Nyoro strugling to explain his numbers, Dr. Rugo objectively educating the people. At the end of the day its about factual numbers. Finance Bill 2023 has not yielded results, our deficit this year is already at 900 b up from 600 on paper. The 500 b for 2024 will also go up because the ability to raise 2.9 T seems far out of reach.
❤ lovely citizen dialogue ❤❤❤❤❤ bring more like this ❤❤❤❤the explanation made someone to learning the whole chemistry within this budgets
When truth is no longer rumours, lies becomes useless.
Who cares about Kenya company of some previlleged worship and praise leaders,as long us they have their share
25:23 Dr.Rugo asks a question about the rationale for shifting around monies. the rationale = CORRUPTION ! BUDGETED CORRUPTION.
More money can be raised if all the politicians who are Citizens of Kenya like other Citizens of Kenya are also taxed
Why should they NOT pay taxes???
The topic is great. However, it lacks data. If inflation was@5% provide sources or graphic display, to prevent he said/she said. Would make the discussion more informative.
Health ,education and agriculture .. is nothing to joke with.... re think this mr ...
The 2024 finance bill should allocate more to education, disaster preparedness, agriculture and healthcare and on improving other pillars for industrialization like low cost transportation systems like rail transportation
This is purely a budgeted corruption where vital areas like agriculture, education and health have seen a budget cuts this are areas which touches mwananchi directly hii ni serikali ya wadosi
Kingereza mingi but wasting the money this is not rightwating money on yourself
I will make it simple, if you see them raise taxes means we are not selling so they raise taxes for them to meet the allocation. So they raise taxes that means we are doing very bad economically this is what we get when we keep economists and politician in power they have no mercy in their hearts
How do you slash allocation from key sectors like education and health??
We don't have ongoing projects.. where are these loans going to?
We have mega projects going on, konza city and lappset for example.
Na Io Debt Inapunguka kweli??
These ones have been going on from as far back as the last government @@Firestarter001
The moderator Yvonne did an excellent job of putting them in the right place allowing only the truth to come out of their mouths unchecked.
Hehe they come up with budget estimates they can't defend .They come up with finance bill they can't defend..so who really drafts these things ?
Sometimes it is better to just say.... you are not very sure about what you're doing and LISTEN to experts and to the CITIZENs. And if you are sure about what you are doing, search your soul, is it right to reduce funds to citizens that need it most? Search your soul. Is it right? Is it fair?
Bro you are really struggling to defend this oppressive budget
Why is education loosing???thats a trigger warning
Education, health and agriculture and yet he talks of next year Kenya will be food sufficient. How is that possible with the cuts?
What is more important, health or immigration?😮😮😮
This is a world bank budget. Austerity measures on social services like health and education to be taken over by private. Remember replacing NHIF? 2. They are starving agriculture so as to encourage importation. Last but not least security. Kenya is now a police state. RIP gen Ogolla
Dr. is on point........ ndindi you are struggling to explain.
Its Okay Overtax 😂....But then Again We want to See how much of the Debt We have Paid ??😂...whats the Remaining Balance??? Or Are We Just Overtaxin without Austerity Measures?
Thanks to Mweshimiwa Nyoro. Good job in trying to break down the budget.
Bwana Ndindi Nyoro, acha kutetea kitu haiteteeki.
He knows what he is doing not just defending
@@peternagemiomulweyi639yeah he knows... Looting Kenyans
Just propaganda as usual @@peternagemiomulweyi639
Hao huwa wanajua anything?Bora wao wakule na wafanye chenyebwameambiwa,ati wanalipa madeni hatujawahi ambiwa ni ngapi ,na wamelipa ngapi na imebakia ngapi na ilifanyiwa nini?
33:55 Kenya's economy only grew because of:
Extreme borrowing by this government from local banks - leading to high profitability in the financial sector
Good rains - which this government shouldn't take any credit for
Weuh this govt .. nothing is aligning
This is a clear show of how well Dr. President has trained his maceneries marchiing forward is to cause confusion and limit understanding and comprehensiveness of things
Imagine that the one speaking nonesense is the one we voted for... let that sink in. We did this to ourselves. It's not that we don't have good and smart people, we do. We just prefer crooks and content creators to lead us
Sad
Thoughtful conversation.
All the housing levy funds should go towards industrialization (and not houses). Once employed and earning well, kenyan's will build their homes. Agreed, there should be social housing to help the transition and the rent should be 30% of the minimum wage
I lost counts of how many times he says the name, Evan. To this government a country is government and made prosperous by big words and big numbers.
Very good conversation here.
The more you come with lectures nothing adds up at all,thats what nyoro is doing.
This budget isn't defendable all all no matter how nyoro confuses us by his tone in pronuncing BILLIONS,TRIRRIONS, MILLIONS,etc !!!
My worry is not about these projections, I am concerned about the budget allocations whereby billions are added to the office of the president and DP without portfolio
How does the economy grow by overtaxing citizens and bussinesses being closed??
Nyoro is talking too much yet saying nothing. He doesn't know how to speak to non-technical people. Poor communication skills!
😂
Nyoro trying too hard to convince us, What a shame ?
Very proud of this mp from my county very brilliant mind kudos
Brilliance must have changed its meaning defending the indefensible.. what a hack.
seems you definitely have been mersmerised by the eloquence, but the brilliance is amiss bro, if you really understood the conversation your MP is at loss of explanation here
Kagege
This guy doesn't listen anafikiria na roho..you are not a good listener
Quality discourse.
Nice debate am benefiting here
K like Yvonne matole so much.
Ivon Okwara is the greatest economist in Kenya,but she didnt help the Handshake govenment
One of the dopest interviews here...well balnced no shouting n well thought out. Dope❤
Sober, insightful, and decent debate. This is what we should look for in all debates
Good questions and good responses/answers
kindly Didi answer the question for reallocation of education monies appropriately.I am an Accountant but not convinced at all.
I will make it simple, if you see them raise taxes means we are not selling so they raise taxes for them to meet the allocation. So they raise taxes that means we are doing very bad economically this is what we get when we keep economists and politician in power they have no mercy in their hearts
Cut everything but expand govt by appointing 51 CAS costing 10b a year who are not needed,but are gifts to friends and political supporters and rejects
Wow, the debt has taken everything
Any objective listener will appreciate Nyoro knowledge of this budget. He is debating a Doctor and you can feel he is up to task.
So when people are evicted rrom their place of living without an alternative without resources and he claims that they have alocated resources for these situations ? Kenyans are smart than he thinks . Eat and go you but it is a curse to your generations . Travel and use the resources which you tax the poor. Celebrate and celebrate .
Nyoro amenyoroshwa kabisa
This ones yjinj they are ghe first economists in this country
They are interested in their stomach and luck accountability
Surprised that there are people who understand what Ndindi is saying.
This is a government of clowns ndindi doesn't know what he's doing...kazi yake ni GDP na inflation bure kabisa...
Already collecting funds for 2027 campaigns
This is where the problem starts. When we can not even locate budget items and reallocations
Corruption is the biggest challenge in in kenyan leadership
Next time we need sifuna to cook Nyoro
When was this?
The budget is not devolved how do you relocate money to the central government and counties don't receive allocations, education is the only thing that Kenyans can claim is valuable
880K jobs created last year.???
Weuh,si watu wanajua mambo uku nje,huyo ni nyoro😂😂😂😂
Ambia ndindi aongee fluent and eloquent english mambo ya shrubing wachane nayo mm hushangaa watu wengine hupewa job aje na kuongea fluent n ngumu.
Mara economic parameters, ati economic is dynamic, nyoro what are u saying bwana!!! Ni Guteee
Kizungu nyingi.. thank you
Nyoro has great ideas. Still a rookie but he will rise up
The language of thieves is all over Nyoro's mouth. Terrible conmen in government.
On 28:25 I think you skipped something 😂 aku nyinyi media post the video as it is without leaving 😂😂😂😂
As much as you all trying to deny I know deep down Ndindi Nyoro has convinced your hearts 😂😂because even Yvonne and Daktari look convinced with no questions to ask but keep going back to one thing "hustlers"😂😂
Every time you step on the poor God steps in it will not be well with things are getting out of hands .you cant take from the poor and want it to go well rethink all is not well
Deduct government salary and increase on health and food programme in schools
Very unfortunate
Shame on Nyoro.
Ndindi Nyoro how can he dare to convince us how economy of kenya is growing and can't safeguard welfare of citizens like providing vaccines
Shame ...REDUCTION IN EDUCATION & HEALTH....as in Seriously???
Ruto Must Go
Kenyans are matching with one voice "reject the finance Bill 2024" do not ammed it what part of rejection don't they understand ?
wanatafuta pesa yaku buy ndege ya rais na ma celeb wenzake
William Samore Rutax aka zakayo
a common practice has been to move certain lucrative tenders to the Ministry of defence so that they can evade scrutiny. Government can then single source or award to whomever they choose as the tendering in the ministry of defence cannot be challenged since they are confidential.
Nyoro is talking as if he is passing an exam and is busy trying to convince himself with budget jargon.
Dr. Rugo knows what he's talking about, he simplifies and he is in a much better position to make the layman understand.
I have loved listening to Ndindi Nyoro.. learning alot
No parameters of economic growth also include Human development. GDP to HDI
Please tell Nyoro to use more Laymans language next time. This technical-big english seems suspicious and intended to confuse us.
You can't tax your way to prosperity