Κένυα: Κινδυνεύουμε να γίνουμε η Ελλάδα της Αφρικής...!
Η χώρα έχει γεμίσει με αφίσες που θέτουν αυτό ακριβώς το ερώτημα… Καθώς τα χρέη βαραίνουν την οικονομία της Κένυας, οι οικονομολόγοι της χώρας ζητάνε να σταματήσει η διαφθορά και οι υψηλές δαπάνες του κράτους, φέρνοντας ως παράδειγμα τη χρεοκοπημένη Ελλάδα.
Μάλιστα το Ινστιτούτο Ορκωτών Λογιστών της Κένυας (ICPAK) προειδοποίησε πριν μερικές μέρες ότι η Κένυα θα μπορούσε να καταλήξει σε μια κρίση χρέους παρόμοια με αυτή που κατέρρευσε την οικονομία της Ελλάδας, αν η διαφθορά και οι υψηλές δαπάνες του κράτους συνεχιστούν στον ίδιο ρυθμό.
Λεπτομέρεια: Το χρέος της Κένυας φθάνει τα 23,1 δισ. ευρώ αντιπροσωπεύοντας το 54% του ΑΕΠ της χώρας Κάποιες εφημερίδες κάνουν και πρωτοσέλιδα με το ερώτημα «Is Kenya Africa’s Greece?»
Τέλος, εκπομπές στην κενυατική τηλεόραση οργανώνουν συζητήσεις με θέμα «Is Kenya`s economy becoming Greece`s of Africa as huge debts put weight on Kenyans»...
Για "πρώτη φορά αριστερά" μπορεί να μην γίναμε Βόρεια Κορέα, αλλά έχουμε γίνει ρεζίλι του πλανήτη...
Και όμως, κανένας πολιτικός δεν μπήκε στην φυλακή (η περίπτωση του Άκη θεωρείται ως μην γενόμενη). Και, προφανώς, το "σύστημα" έχει δομηθεί με τους κατάλληλους νόμους, έτσι ώστε να μην μπει ποτέ κανένας στην φυλακή από όσους κατέστρεψαν την χώρα.
Παρατηρώντας τα όσα συμβαίνουν σήμερα υπό την κυβέρνηση Τσίπρα Καμμένου, με απόλυτη βεβαιότητα βεβαιότητα μπορούμε να πούμε ότι "το κράτος έχει συνέχεια".... Τέτοια που καλύπτει σε όλα τους προηγούμενους και εγγυάται στους παρόντες την απόλυτη ατιμωρησία...
Και γιατί όχι; Αφού οι Έλληνες επιμένουν να επιλέγουν μέσω της κάλπης να τους κυβερνούν ψεύτες και πολιτικοί απατεώνες...;
Kenya could go Greece way over graft, cautions ICPAK
The Institute of Certified Public Accountants of Kenya (ICPAK) yesterday warned that Kenya could end up in a debt crisis similar to that which collapsed Greece’s economy if corruption and high spending by the three arms of government continues unabated.
ICPAK chief executive officer Patrick Ngumi yesterday cautioned that if plunder of public resources is not checked, the country would sink further into a cash crunch. “We must see dismissals, not transfers closely followed by prompt and objective prosecutions that successfully commit key players to jails, we must initiate actions to confiscate proceeds from the corrupt deals.
If this is implemented then we will have kicked off the serious fight against plunder of public resources,” he said. Speaking during Inaugural Public Sector Audit Conference in Mombasa, Ngumi said there should be increased oversight of expenditure incurred by the National and County Assemblies.
“The 2013/14 Auditor General’s report highlighted grand corruption through payments not supported by invoices and receipts from service providers, lack of updated asset registers, audit committees and risk management policies as required by the Public Finance Management Act, weak debt recovery systems and flouting of procurement regulations among others,” he said.
The National government is currently grappling with a cash crunch that has prompted borrowing at high costs, sparking fears the country could be locked in debts that almost bought the Greek economy to its knees this year.
Tell-tale signs that the National Treasury is experiencing a cash crunch have been amplified by delays in disbursing funds to County governments, Parliament and some constitutional commissions.
Another sign is negotiations by the government to conclude talks on a $750 million (Sh77 billion) syndicated loan that is expected to ease the crunch and high interest rates on Treasury Bills and bonds. Interest paid by government on Treasury Bills and bonds is factored on loans to businesses and individuals, thus when the instruments rates go up, financial institutions increase the cost of borrowing.
When alarms bells went off over the Greek crisis this year, the country owed European countries and international bodies €340 billion (Sh39 trillion) borrowed over the past five years. The debt pushed the country to the brink of bankruptcy.
The country owed about 10 per cent of its debt to the International Monetary Fund (IMF), whose repayment deadlines it did not meet. Greece is also the first European Union member to default IMF loan.
To afford the debt repayments, Greece made huge cuts, leaving many citizens impoverished as austerity measures — including steep spending cuts on social programmes and tax hikes — took toll. As Greece lagged on repayments the lenders demanded, the economy shrunk by a quarter and unemployment soared by more than 20 per cent.
At the height of the Greece crisis, banks were shut until a rescue package was negotiated with lenders. Despite Greece receiving a third bailout in July, the ability of the country to meet these debt repayments over the long-term remained uncertain.
And in Kenya, an increased cost of servicing the country’s Sh2.65 trillion public debt, of which Sh1.17 trillion is external debts usually paid in US dollars— means the country also coughed more money than budgeted for, thus pushing the Treasury to a precarious position.
The shilling has lost 14 per cent against the US dollar this year as earnings from tourism and agriculture slumped and investors moved their money to America in anticipation of a US interest-rate increase.
The situation has been exacerbated by plans to plug a Sh600 billion budget deficit that has left Treasury with no option but to cut non-priority spending this financial year. National Treasury’s appetite for cash has triggered interest-rate on the 91-day Treasury Bills to hit 21.353 per cent last week from 20.637 per cent the previous week.
During yesterday’s auction, average rate on 364-day Treasury Bills jumped to 21.882 per cent from 21.498 per cent last week. The yield on the 182-day Treasury Bills also rose, to 21.840 per cent from 21.607 per cent last week. The Central Bank of Kenya said it had received bids worth Sh16.29 billion for the Sh8 billion worth of bills offered.
It is feared the government’s high borrowing costs are likely to impact economic growth that is targeted to hit six per cent this year. Kenya’s tight cash position forced the IMF to give Kenya a debt waiver two weeks ago in its review of the country’s credit performance to enable Treasury re-look it’s revenue and expenditure plan.
http://www.mediamaxnetwork.co.ke/people-daily/173875/kenya-could-go-greece-way-over-graft-cautions-icpak/
Λεπτομέρεια: Το χρέος της Κένυας φθάνει τα 23,1 δισ. ευρώ αντιπροσωπεύοντας το 54% του ΑΕΠ της χώρας Κάποιες εφημερίδες κάνουν και πρωτοσέλιδα με το ερώτημα «Is Kenya Africa’s Greece?»
Τέλος, εκπομπές στην κενυατική τηλεόραση οργανώνουν συζητήσεις με θέμα «Is Kenya`s economy becoming Greece`s of Africa as huge debts put weight on Kenyans»...
Για "πρώτη φορά αριστερά" μπορεί να μην γίναμε Βόρεια Κορέα, αλλά έχουμε γίνει ρεζίλι του πλανήτη...
Και όμως, κανένας πολιτικός δεν μπήκε στην φυλακή (η περίπτωση του Άκη θεωρείται ως μην γενόμενη). Και, προφανώς, το "σύστημα" έχει δομηθεί με τους κατάλληλους νόμους, έτσι ώστε να μην μπει ποτέ κανένας στην φυλακή από όσους κατέστρεψαν την χώρα.
Παρατηρώντας τα όσα συμβαίνουν σήμερα υπό την κυβέρνηση Τσίπρα Καμμένου, με απόλυτη βεβαιότητα βεβαιότητα μπορούμε να πούμε ότι "το κράτος έχει συνέχεια".... Τέτοια που καλύπτει σε όλα τους προηγούμενους και εγγυάται στους παρόντες την απόλυτη ατιμωρησία...
Και γιατί όχι; Αφού οι Έλληνες επιμένουν να επιλέγουν μέσω της κάλπης να τους κυβερνούν ψεύτες και πολιτικοί απατεώνες...;
Kenya could go Greece way over graft, cautions ICPAK
ICPAK chief executive officer Patrick Ngumi yesterday cautioned that if plunder of public resources is not checked, the country would sink further into a cash crunch. “We must see dismissals, not transfers closely followed by prompt and objective prosecutions that successfully commit key players to jails, we must initiate actions to confiscate proceeds from the corrupt deals.
If this is implemented then we will have kicked off the serious fight against plunder of public resources,” he said. Speaking during Inaugural Public Sector Audit Conference in Mombasa, Ngumi said there should be increased oversight of expenditure incurred by the National and County Assemblies.
“The 2013/14 Auditor General’s report highlighted grand corruption through payments not supported by invoices and receipts from service providers, lack of updated asset registers, audit committees and risk management policies as required by the Public Finance Management Act, weak debt recovery systems and flouting of procurement regulations among others,” he said.
The National government is currently grappling with a cash crunch that has prompted borrowing at high costs, sparking fears the country could be locked in debts that almost bought the Greek economy to its knees this year.
Tell-tale signs that the National Treasury is experiencing a cash crunch have been amplified by delays in disbursing funds to County governments, Parliament and some constitutional commissions.
Another sign is negotiations by the government to conclude talks on a $750 million (Sh77 billion) syndicated loan that is expected to ease the crunch and high interest rates on Treasury Bills and bonds. Interest paid by government on Treasury Bills and bonds is factored on loans to businesses and individuals, thus when the instruments rates go up, financial institutions increase the cost of borrowing.
When alarms bells went off over the Greek crisis this year, the country owed European countries and international bodies €340 billion (Sh39 trillion) borrowed over the past five years. The debt pushed the country to the brink of bankruptcy.
The country owed about 10 per cent of its debt to the International Monetary Fund (IMF), whose repayment deadlines it did not meet. Greece is also the first European Union member to default IMF loan.
To afford the debt repayments, Greece made huge cuts, leaving many citizens impoverished as austerity measures — including steep spending cuts on social programmes and tax hikes — took toll. As Greece lagged on repayments the lenders demanded, the economy shrunk by a quarter and unemployment soared by more than 20 per cent.
At the height of the Greece crisis, banks were shut until a rescue package was negotiated with lenders. Despite Greece receiving a third bailout in July, the ability of the country to meet these debt repayments over the long-term remained uncertain.
And in Kenya, an increased cost of servicing the country’s Sh2.65 trillion public debt, of which Sh1.17 trillion is external debts usually paid in US dollars— means the country also coughed more money than budgeted for, thus pushing the Treasury to a precarious position.
The shilling has lost 14 per cent against the US dollar this year as earnings from tourism and agriculture slumped and investors moved their money to America in anticipation of a US interest-rate increase.
The situation has been exacerbated by plans to plug a Sh600 billion budget deficit that has left Treasury with no option but to cut non-priority spending this financial year. National Treasury’s appetite for cash has triggered interest-rate on the 91-day Treasury Bills to hit 21.353 per cent last week from 20.637 per cent the previous week.
During yesterday’s auction, average rate on 364-day Treasury Bills jumped to 21.882 per cent from 21.498 per cent last week. The yield on the 182-day Treasury Bills also rose, to 21.840 per cent from 21.607 per cent last week. The Central Bank of Kenya said it had received bids worth Sh16.29 billion for the Sh8 billion worth of bills offered.
It is feared the government’s high borrowing costs are likely to impact economic growth that is targeted to hit six per cent this year. Kenya’s tight cash position forced the IMF to give Kenya a debt waiver two weeks ago in its review of the country’s credit performance to enable Treasury re-look it’s revenue and expenditure plan.
http://www.mediamaxnetwork.co.ke/people-daily/173875/kenya-could-go-greece-way-over-graft-cautions-icpak/
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