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Budget Policy Statement: Nicola Willis concedes she won't be able to get the books back in shape quickly

Finance Minister Nicola Willis has conceded she won’t be able to get the Government’s finances back in shape as quickly as expected, while delivering tax...

New-zealand , New-zealanders , Nicola-willis , Finance-minister-nicola-willis , Budget-policy-statement , Budget-policy-statements , Budget-policy , Budget , Policy , Statement , Nicola

Watch live: Question Time after Willis concedes Govt books won't be back in shape quickly

Finance Minister Nicola Willis has conceded she won’t be able to get the Government’s finances back in shape as quickly as expected, while delivering tax c

New-zealand , New-zealanders , Grant-robertson , Nicola-willis , Finance-minister-nicola-willis , Budget-policy-statement , Budget-policy-statements , Budget-policy , Finance-minister-grant-robertson ,

Underfunding of counties a threat to devolution: CRA tells Senate

Underfunding of counties a threat to devolution: CRA tells Senate
capitalfm.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalfm.co.ke Daily Mail and Mail on Sunday newspapers.

Nairobi , Nairobi-area , Kenya , Kakamega , Western , Fernandes-barasa , Ali-roba , Linet-mutinda , Senate-budget-committee , Cog-finance-committee-chairperson , Council-of-governors , National-treasury

Governors, Treasury fail to agree on county equitable shareable revenue

Governors, Treasury fail to agree on county equitable shareable revenue
capitalfm.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalfm.co.ke Daily Mail and Mail on Sunday newspapers.

Nairobi , Nairobi-area , Kenya , Naivasha , Rift-valley , Rigathi-gachagua , William-ruto , Ahmed-abdullahi-wajir , Margret-nyakango , National-treasury , Economic-council , Commission-on-revenue-allocation

Governors, Treasury fail to agree on County Equitable Shareable Revenue

Governors, Treasury fail to agree on County Equitable Shareable Revenue
capitalfm.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capitalfm.co.ke Daily Mail and Mail on Sunday newspapers.

Nairobi , Nairobi-area , Kenya , Naivasha , Rift-valley , Rigathi-gachagua , William-ruto , Ahmed-abdullahi-wajir , Margret-nyakango , National-treasury , Economic-council , Commission-on-revenue-allocation

The missing variables in our Public Debt Equation


THE STANDARD
OPINION
Our public debt has become one complex equation that no one seems to understand its actual variables or how to solve it. More puzzling is that nobody seems to know the exact debt obligation. The figure varies between Sh6 trillion and Sh12 trillion, depending on who you ask.
The irony of it all is that public debt numbers are quantifiable, yet over time, we have come to wonder whether even among Treasury mandarins there is any individual who can tell us our true debt obligations.
That may explain the anguish of the over 200,000 Kenyans who camped at the International Monetary Fund (IMF) social media platforms to demand they rescind their decision to advance us about Sh259 billion. While their actions may not be of any consequence to the decision made by the IMF board, the signalling effect should ring alarm bells for The Treasury and State House. But I could be wrong on this.

Kenya , Kenyans , International-monetary-fund , While-parliament , Medium-enterprises , World-bank , Budget-policy-statements , Public-debt , Imf , Patrick-muinde , கேந்ய

The missing variables in our Public Debt Equation

The missing variables in our Public Debt Equation
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Kenya , Kenyans , International-monetary-fund , While-parliament , Medium-enterprises , World-bank , Budget-policy-statements , கேந்ய , சர்வதேச-பண-நிதி , போது-பாராளுமன்றம் , நடுத்தர-நிறுவனங்கள்

Brian Fallow: Government debt target? What government debt target?


Brian Fallow: Government debt target? What government debt target?
11 Feb, 2021 04:00 PM
6 minutes to read
Grant Robertson with this week's Budget Policy Statement - complete with a cover photo he took himself. Photo / Mark Mitchell
Grant Robertson with this week's Budget Policy Statement - complete with a cover photo he took himself. Photo / Mark Mitchell
OPINION:
Perhaps the most striking thing about the Budget Policy Statement Grant Robertson released on Tuesday was what it did not say.
He has dropped any quantified target for net government debt.
But this is
not a case of drawing a veil over a profligate approach to fiscal policy.

United-states , New-zealand , Recovery-fund , International-settlements , Budget-policy-statement-grant-robertson , Budget-policy-statements , Pre-election-economic , Policy-statement , Finance-minister , Covid-response , Ruth-richardson

Blow to Kenyan banks as Saccos close in on own money market


The East African
Monday February 08 2021
According to officials, the Sacco fund will be run and managed by Sasra with funding coming from both the Saccos and the government - edging out banks from the sector. PHOTO | FILE
Summary
Under the new regime, Saccos will run their own inter-Sacco market where they can lend and borrow from each other at reasonable rates.
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Kenyan Savings and Credit Co-operative Societies (Saccos) are moving closer to the implementation of an inter-Sacco lending market and eventual integration into the National Payments and Clearing system in a development, leaving commercial banks staring at close to Ksh2.33 billion ($21.37 million) loss in interest income on loans granted to the co-operative sector.

Kenya , United-states , Kenyan , American , John-munuve , Saccos-dtss , Uhuru-kenyatta , National-payments , National-payment-system , Central-bank , Central-liquidity-fund , Kenya-law-reform-commission