Kenya’s Debt Crisis: 67% of GDP & Rising! Investors Beware скачать в хорошем качестве

Kenya’s Debt Crisis: 67% of GDP & Rising! Investors Beware

For consultation/ partnership Email : 👉 [email protected] Grab your E-book on Investing in shares for beginners Kes 750 hereBook 👉 https://paystack.shop/ivy-oyori Track all your loans (SACCO LOAN/ BANK LOAN) Using this excel template for Kes 750 here 👉 https://paystack.shop/ivy-oyori 📉 Is Kenya drowning in debt? The latest Controller of Budget report reveals shocking figures: Kenya’s debt-to-GDP ratio has hit 67% as of June 2024, raising serious concerns for investors and policymakers. 💰💸 🚨 With 70% of government revenue going to debt repayment, what does this mean for Kenya’s economy? The High Court has ordered transparency, yet there’s no clear borrowing trend—and mismanagement continues. Meanwhile, the government prioritizes travel & hospitality over development projects. 📊 Debt-to-GDP Over the Years: 🔹 2019: 59.08% 🔹 2020: 68% 🔹 2021: 68.23% 🔹 2022: 67.80% 🔹 2023: 73.11% 🔹 2024: 67% 🔎 What’s at stake? ✅ Investor confidence is at risk! ✅ External debt (Ksh 5.19T) & domestic bonds (Ksh 5.6T) continue to rise ✅ The 55% GDP debt ceiling set by Parliament has been ignored ✅ 35% wage bill-to-revenue ratio projected by 2028 ✅ Illegally procured financial systems worsening the crisis ⚠️ Investors & businesses—take note! Before making any financial commitments in Kenya, it’s crucial to understand the nation’s debt situation. Share your thoughts in the comments below! Timestamps 00:00 Debt crisis 03:05 Debt ceiling 04:40 Minimizing wastages - controller of budget 08:25 Impact on Investment