RAMAH NYANG: UDA Doesn't Have A Spine To Disagree With The Treasury
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- čas přidán 25. 08. 2024
- PART 1: • Kenya Shilling VS The ...
GUEST HOST: Ramah Nyang- Business Journalist
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GUEST: John Kinuthia- Senior Programs Officer, International Budget Partnership- Kenya
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Ramah..Such a brilliant mind..
Learnt so much in this conversation
Such an articulate person
"What we pay our civil servants... is opportunity..".. classic truth
That Ramah guy is very brilliant
Excellently explained John! You need to appear in Many more interviews!!!
Waaaaaiiiiit up!!! Im listening to these finance conversations in KE and I have made commentary in past about our economic modus operandi, but actually hearing how the fiscal issues are being handled is very insightful.
A few days ago, CS Kuria (Implementation nk) said Kenya is a D- country. Perhaps. But we have A and B students in government and leadership. The problem is WHO ARE WE STUDENTS OF!!!!? WHO IS OUR TEACHER!?
Our problem is we are following the example of the wrong teacher! First colonial England, then Imperial America. The same way we are dealing with our budget and fiscal indiscipline issues, is yhe same that late stage capitalist America and Europe (Britain) are doing! In the US, because they have a Reserve Currency, politicians (and the Fed) have been kicking the debt can down the road for over 30 years!!! HOWEVER, yhe States and Local governments are not allowed to do that! They are way more constrained and forced into disciplined debt management! Of course this directly affects State and local government services and service delivery, but the Governors cannot, by executive fiat, change fiscal issues!
Kenya is copying the wrong model to her peril.
Are we just going to ignore the fact that Rama has THAT voice..!🤩!
Aki almost the same as latiff almost too perfect..
i wish our government and law markers would listen to this conversations and do the right things for this countries future.
The so called leaders in Kenya don't care about the country apart for stomatitis ruto and co 😢😢🇬🇧🇰🇪🙏
Finally, we see another piece of the problem:
Non-politicians (technocrats) whose job is to advise politicians are failing to to tell them the honest truth.
The government advisor on this show is a typical example:
Justifying bloated government spend.
Now, if that is the mindset with which parliamentarians are being advised, it is no surprise that they have lost touch with reality.
Dude ...Advisors Do their Job .....But The Final Results Signing is by the Elected Members.......They Give Advise but if the leader chooses a wrong decision that's nit the Advisors Job
Comprehension could be your biggest predicament
John knows his stuff
This is what you get when you involve professionals who have depth to understand economics and governance! It’s simple, to know the truth don’t talk to politicians!
The best show so far
Insightful conversation.
That got me. The tax is our oil 😂
Excellent discourse...tugeges are not amused. It is beyond their depth
Absolutely
Absolutely
We are here to stay and repeat the deed in 2027. Mtazoea. Unfortunately you can do nothing about it
What is this tugeges everyone keeps saying? In kikuyu, kag'eg'e is a bushbaby which makes no sense.
Just the way it has started shows Rama is yet to heal from the ruto 2022 shock..
Heheheheh..... you are some of the biggest UDA fools who think emotionally rather than logically. Keep it up.
Haters will die haters, ... this people are talking about the situation of the economy but your bitterness is finger pointing on one person.
@@moonjam.7714 ur reply shows how shallow u understand politricks..
people like you fail this country.. all you see is elections
@@moonjam.7714acha machungu
For wherever you see fiscal sense replace that word with Ramah!
The government needs to find the right balance between reducing the deficit and maintaining essential services and investments to support a sustainable economy.
Those ferragamo watches are not that expensive 2k € at most.But again it’s the attitude why should I wear such a watch when ppl are going hungry or being taxed to oblivion.
😊😊😊What an insightful conversation
Listening to the conversation....it is indeed extremely sad that our political leadership choose to rely on our "third tier team!!!!"
The treasury has the best technocrats in the world but the politicians make the final decision
A brief check on Ferragamo watches reveals that they are not that expensive at approximately $1000. The way Ramah puts it you'd expect it to be at least far higher than $7000 but there are even $800 ones.
Great convo with these 2, except for the constant but fallacious comparison of households with Government budgets; I subscribe to the modern monetary theory (MMT)
that rubbishes this sort of comparison for the basic and real-world reason that, unlike households, Governments have the unique and unilateral ability to print their budgets into reality. This capacity to magically create fiat enables them to live stories above their means and tax collection revenues.
Everyone in agreement, no alternative POV, sounds more off an ideas echo chamber.
yeah and imagine they also were talking as if its the treasury that doesnt create shillings, as if the government needs our tax revenue to spend when we know thats not true. they even talk as if it is not true when they have mentioned the debts serikali get into from foreign markets. but shillings the treasury creates. they want us to think that its normal citizens that somehow are making shillings appear as if they aren't printed by the treasury or typed into existence by our commercial banks. They have many interviews where people have alternative perspectives which they seemingly agree with, but when it comes to government revenue in this discussion they just forget all the other ways the government generates money for projects -- bonds, loans, and state companies like the kenya pipeline etc. all of which do not include taxes -- which begs the question, whats the use of taxes? and what do they hope to do by raising taxes and presumably spending more money to track and measure if they are meeting their expected tax revenues.
"Treasury doesn't have the spine to disagree with UDA" should be the line.
How can you oppose your boss. You carry your bosses instructions
Cut expenditures...when the state house and mudavadi seek 800m for cars...there is a problem.
Parliament must have economic advisors.
its hopeless cause no one is even asking the basic question -- "where do shillings come from? do they get taxed into existence or are they printed? remember we used to have the old shillings notes just 10 years ago and suddenly they changed? was it it out of taxes that the shillings changed? was it magic? or was it public policy and the use of institutions such as the treasury in printing this new money? are shillings scarce to the people that use them or to the entities that create them and force you to pay taxes in their currency? they are fooling us too is my point.
Q&A
What is the main issue with Kenya's fiscal policy and budgeting process?
- The main issue is the lack of coherence and accountability, leading to unrealistic revenue targets, excessive spending, and a growing debt service problem.
What is the criticism of UDA's approach to disagreeing with the Treasury?
- UDA is criticized for lacking the courage to disagree with the Treasury and for not having a coherent plan to address the flaws in their approach.
What is the impact of tax cuts on small displacement motorcycles?
- Tax cuts have led to a surge in the boda boda industry and deliveries, providing immense value and spurring growth without always requiring government spending.
How does the budgeting process lack integrity?
- The budgeting process lacks integrity due to a structural problem in how money is allocated, with a focus on paying debts and obligations before allocating funds to ministries and other areas.
What is the government's approach to budget implementation and oversight?
- The government's approach to budget implementation lacks accountability and oversight, with significant spending outside of parliamentary approval and a lack of action from Parliament to rectify the situation.
🔥
When you come biased in such a conversation you just lament,
Ramah should let John talk.
John looks like a kagege
He didn’t want to be overshadowed by John. John knows his shit … and very well articulate
@@normanthenormand7554by the way kagege is now a tired joke
We Kenyan the tax payers what we pay our politicians is opportunity fee😂
zero competence and service
There is 40 trillion shillings in dollars denomination kenyans weka inside warehouse in kenya. Pesa iko. Citizenry dont have confidence in kenya government to invest and grow the economy. Its spiritually. Kenya must be spiritually renewed and cleansed. Cannot be done physically.
Ramah is all feelings, the lady just wordy. Loans taken must repaid anyhow.
Counties should use their resources in thier counties. E.g Kajiado should not be asking money at all. Wako na Amboseli.
Mombasa county has Kpa and tourism...kenya has money.
Corruption....na kula...
Yes, instead of giving tax to KRA, lets give it to county govt revenue departments😊
What makes Kenya? How can Kenya Ports belong to a County? Does it mean Embu County should own Electricity? Should Murang'a own the water consumed in Nairobi? There are NATIONAL PROJECTS for our common good, and there are local resources. These national projects/ resources are developed with money collected from ALL Kenyans. Let's not mix issues ...
Ramah interjects too much.
Ako sawa
RAMAH IS A REPORTER , JOURNALIST---HAS TO INTERRUPT...
John has the actual content and very eloquent 👏🏾👏🏾
@@amrisultanamri199here he is guest not the host. Get the difference
@@AndyMutua He interjected John a couple of times and disrupted his trail of thought. It's demoralizing to the audience who want to follow the conversation.
Once again Ramah is freely spreading his negative vibes with reckless abandon. His hatred is just oozing out. Thanks for being a downer. We have been too happy anyway.