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Kenya has a myriad of Educated Fools, here is why

President Uhuru Kenyatta reads through the Building Bridges Initiative report when he received it at State House, Nairobi on November 26, 2020.
📷©️: PSCU

What is the value of education in this country if educated people can’t make decisions based on facts? You find an educated doctor who hasn’t been paid by a county government for two months supporting BBI because it will give counties 35% of revenues? Where will this 35% come from if we can’t afford 15% today?

Today our revenues are KShs 1.5 trillion. The recurring spending of the national government is KShs 1.1 trillion. The interest on public debt is KShs 450 billion and rising fast. Pensions are KShs 90 billion.

Standard one arithmetic will tell you that this is KShs 1.64 trillion national government total recurrent spending against revenues of KShs 1.5 trillion. With the corona situation the revenues will fall making the situation worse.

This means that all the money sent to counties and all the money spent on development by national government is borrowed money. Besides, part of the national government recurrent spending and all of county government recurrent spending is borrowed contrary to the law and the constitution. The law forbids the government from borrowing for recurrent spending.

Allocating 35% to counties would mean they receive at least KShs 525 billion all of which would have to be borrowed. Today we can’t afford to send a single shilling to counties without borrowing. How sustainable is it to borrow more to finance counties under such dire circumstances?

Who came up with this 35% and what is it based on? The figure is a fiscal impossibility under the current circumstances. This is an outright lie and a political bait. No educated person can support such a thing.

©️ Ephraim Njega

 
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Posted by on November 29, 2020 in General News

 

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