There are a lot of questions floating around on how government is unable to make payments. There are serious payment delays going back 3 months some even more.
These include salaries/wages, benefit payments as well as payment for services and goods procured.
Besides the very casual talk over budget deficit, with revenues falling short, there is also widespread belief that huge chunks of cash are equally casually being siphoned off from the coffers.
THe Auditor general has announce (yet again, same as last year) that another Sh.500 bn is unaccounted for. Meanwhile Uhuru is asking for those who have misplaced Sh.300bn to step forward (rather than aside).
In the midst of all this we have Sh.700m stolen from NYS, and the CS similarly continues to step forward.
There are dozens of stories such as this one http://www.nation.co.ke/counties/Mandera-border-wall-pay-delay/-/1107872/2913094/-/89cy04z/-/index.html
Not to forget that the “over subscribed” Eurobond, whereabouts are still subject of much speculation, with some placing funds in some offshore account, obviously earning interest, but certainly not for the government or people of Kenya who must in the end repay this money
There is talk of increased borrowing with commitment to pay through 2085, for funds which at the loss of 500bn a year (thats half the budget) we really do not know where it goes and for what its used for, and therefore we are paying for air. Quite simply Kenyans are being asked if you are poor to flush down the toilet 80% of what you earn, middle class are better off flushing only 50% down the toilet. The rich are of course in cahoots with the embezzlers so are exempt from flushing and in fact get paid for professional services. See Kenya Airways and similar corporations with directors earning about 10m a month
Am not trying to put a cohesive story here. Am just amazed that so much theft is happening, so much irregularities. For instance IDPs who were settled more than 2 years back, once Raila unleashed his missive, another 1.1b surfaced, complete with IDP camps and had to be resettled by none other than William Ruto, accompanied by devolution CS Anne Waiguru.
Despite all the cash woes, recent audit reveal that upwards of Shs 3bn are spent by the national and county executive and parliaments on unnecessary travel expenses.
Meanwhile as Adongo notes, the ICC has started placing a few embers under Moses Kuria’s seat, and it could get a little hot over there.
With all this confusion, lack of order and I daresay rapid descent into a society that is completely in chaos, who stands to benefit from all this.
There are many reports and rankings published lately of which we are only ahead of countries that have no stability.
Our movement forward appears to hinge on the single factor that the allies who want to contain spread of terrorism, still find Kenya the only country with a ready operational base, having been thus for over two decades and no thanks to any regime. And therefore still continue to fund projects to maintain stability.
In five short years, this base will move to a more predictable and stable country like Tanzania which is rapidly developing economically.
Anyway back to this story, Jaindi in an article published earlier this week states government is not broke, but poorly managed. Thats quite a conundrum. If its poor management, then Jaindi is suggesting that the government of the day should pack up and go home, I think an easier story to sell is that Government is broke.
Will in the next few weeks scout for some more articles that will shed light on where exactly we are, but gut feeling, we are in serious economic woes