We have spent as though there’s no tomorrow, and we shall pay for it
I don’t understand why politicians behave as if our Exchequer has all of a sudden become an inexhaustible source of money
We, really, need to elect more economically-literate MPs. The attitude that our government has suddenly become so rich is partly responsible for the unprecedented spate of salary demands by public sector workers.
As of November 12, 2012, revenue receipts were a massive Sh43 billion below target. VAT collection was Sh20 billion below target, while income tax had fallen behind by Sh9.3 billion
On the other side of the coin, additional spending pressures have mounted almost to unbearable levels
Regardless of what the Constitution says about the financial autonomy and independence of the county governments, we will still need somebody at the centre to ensure that budgets of counties are consistent with the economy’s targets for growth, the budget deficit, inflation, interest rates and national debt limits
I am not a pessimist, but I disagree when politicians make dishonest presentations of economic realities just to score propaganda points at political rallies.