₦airaland Forum

Let assume that is true.
What is basically mean is that not in cash form that you can use.
You have to wait for it to mature - if maturity is 10 or 20yrs - you have to wait.
Therefore, look for another straw to save yourself from bankruptcy.

Just30:
The country names ain't important to us as long as it follow theses rules. Mostly European debt

rvp2018:
Let assume that is true.
What is basically mean is that not in cash form that you can use.
You have to wait for it to mature - if maturity is 10 or 20yrs - you have to wait.
Therefore, look for another straw to save yourself from bankruptcy.

Well it's true ... You don't need to assume.

You forgot that we can sell when ever we want without needing to wait for maturity by paying a commission or taking a markdown.

Basically whenever we find ourself in a difficult situation like Kenya is currently in, where debt and wages end up taking more than 100% of revenue, we can redeem part of our Stabilization fund to support debt payment for stability.

Just30:
Well it's true ... You don't need to assume.

You forgot that we can sell when ever we want without needing to wait for maturity by paying a commission or taking a markdown.

Basically whenever we find ourself in a difficult situation like Kenya is currently in, where debt and wages end up taking more than 100% of revenue, we can redeem part of our Stabilization fund to support debt payment for stability.

just like the kind of approvement that happens yesterday.

""[

Parliament has approved the Appropriation Bill, 2022.

The bill will allow the Minister of Finance to take a total of GHS227.8 billion from the Consolidated Fund and other public fund and for related matters for the 2023 financial year"".[/b

[b]]

vaxx:
just like the kind of approvement that happens yesterday.

""[[b][/b]]

I love the work parliament has done on this budget.... It is exactly what they need to do every year.

Pick the budget apart, approve those deserving of approval, disallow those that are undeserving of approval causing the monies to be sent to other places that require more and totally slashing the budget for places that can't explain why they require such amount.

Just30:
I love the work parliament has done on this budget.... It is exactly what they need to do every year.

Pick the budget apart, approve those deserving of approval, disallow those that are undeserving of approval causing the monies to be sent to other places that require more and totally slashing the budget for places that can't explain why they require such amount.

like the cathedral building for example , the money has been allocated for roads and NCC improvement. Such a good move . The minority really fought well.

I also welcome the E- levy that was recently slashed to 1 percent from 1.5

vaxx:
like the cathedral building for example , the money has been allocated for roads and NCC improvement. Such a good move . The minority really fought well.

I also welcome the E- levy that was recently slashed to 1 percent from 1.5

Yes they've done well.

They should have completely removed the e-levy

Just30:
Yes they've done well.

They should have completely removed the e-levy

there is no way the e - levy will not be implemented. Either they completely removed it now or later , e- levy will soon come back. It is part of NCC arrangements . The idea has been sitting with them for long , they just waited for a longer time before executing it .

vaxx:
there is no way the e - levy will not be implemented. Either they completely removed it now or later , e- levy will soon come back. It is part of NCC arrangements . The dea has been sitting with them for long , they just waited for a longer time before executing it .

it's an idea born out of greed and both parties may have been considering it because it's the most lazy way to tax.
Exactly what the political class like

Just30:
it's an idea born out of greed and both parties may have been considering it because it's the most lazy way to tax.
Exactly what the political class like

infact I consider it a clever stealing .

Just30:
Well it's true ... You don't need to assume.

You forgot that we can sell when ever we want without needing to wait for maturity by paying a commission or taking a markdown.

Basically whenever we find ourself in a difficult situation like Kenya is currently in, where debt and wages end up taking more than 100% of revenue, we can redeem part of our Stabilization fund to support debt payment for stability.

The only way for gov to pay debt is through tax collection...then fiscal discpline...these laughable desperation like gold barter or sovereign wealth that is near empty...are waste of time and money.IMF is coming to drill sense into your country economics.Cut budget.Improve tax collections.Borrowing is no longer a problem for Ghana because you've kicked yourself out of any debt market for at least two decades. Your gov survival now rest on serious reforms on tax collections and living frugally as you repair your debt situation.

Just30:
I love the work parliament has done on this budget.... It is exactly what they need to do every year.

Pick the budget apart, approve those deserving of approval, disallow those that are undeserving of approval causing the monies to be sent to other places that require more and totally slashing the budget for places that can't explain why they require such amount.

This probably the genesis of your fiscal indiscipline...in modern democracies parliament makes the budget..in Kenya budget committee in both national assembly and the Senate makes the budget...after receiving estimates from executive, judiciary, independent bodies and name.The most powerful committee is the budget and they have office with economists and all that.Ghana irresponsible executive gov will continue to sink Ghana every three years until you change the constitution to move budget making from treasury to the people through parliament.Its not having parliament approve or ammend the budget at the tail end of the process...it's them to come up with budget...also to approve any borrowing

rvp20182:
The only way for gov to pay debt is through tax collection...then fiscal discpline...these laughable desperation like gold barter or sovereign wealth that is near empty...are waste of time and money.IMF is coming to drill sense into your country economics.Cut budget.Improve tax collections.Borrowing is no longer a problem for Ghana because you've kicked yourself out of any debt market for at least two decades. Your gov survival now rest on serious reforms on tax collections and living frugally as you repair your debt situation.

Tell that to the Europeans buying Putin oil with gold

I can see all your desperate attempt to equalism didn't work

Nice try, better luck next time

rvp20182:
This probably the genesis of your fiscal indiscipline...in modern democracies parliament makes the budget..in Kenya budget committee in both national assembly and the Senate makes the budget...after receiving estimates from executive, judiciary, independent bodies and name.The most powerful committee is the budget and they have office with economists and all that.Ghana irresponsible executive gov will continue to sink Ghana every three years until you change the constitution to move budget making from treasury to the people through parliament.Its not having parliament approve or ammend the budget at the tail end of the process...it's them to come up with budget...also to approve any borrowing

You're simply just mad and really don't understand anything and I'm not surprised.. Parliament does not make budget .... Executive branch of govt does that and parliament as a keeper of the public purse decides which one of the expenditure is worth funding


No wonder Kenya budget deficit is as huge as 12 billion dollars

Just30:
You're simply just mad and really don't understand anything and I'm not surprised.. Parliament does not make budget .... Executive branch of govt does that and parliament as a keeper of the public purse decides which one of the expenditure is worth funding


No wonder Kenya budget deficit is as huge as 12 billion dollars

We were like Ghana before our modern 2010 constitution.Kenya parliament now makes the budget. Treasury submit their budget proposal almost six months..to parliament budget committee..same with judiciary, independent commission like teachers, police..it parliament committee that kill many proposal...long before actually budget is read in June..then approved..with minor changes.Your parliament role in budget is therefore very limited to approving or minor ammendments.Your treasury is too powerful and almost every three years without fail imf have to come for three years period to fix their mess.Modern constitutional order requires balance of power.Judiciary cannot submit budget proposal to executive.Neither should independent bodies.

Just30:
Tell that to the Europeans buying Putin oil with gold

I can see all your desperate attempt to equalism didn't work

Nice try, better luck next time

Who in Europe is that desperate for Russian oil.Maybe Belarus.Putin is now a joke beaten by comedian of Ukraine.The comedian just won the person of the year by Times by making Russia a practical joke

rvp20182:
Who in Europe is that desperate for Russian oil.Maybe Belarus.Putin is now a joke beaten by comedian of Ukraine.The comedian just won the person of the year by Times by making Russia a practical joke

Germany, Poland, France and basically all the European countries connected to the Russian gas infrastructure.

Where do you think they are getting Russian Ruble from in order to pay for Russian gas?

If Obama could win it, why not the comedian?
The asshole just got his country destroyed forever in order to be a pawn.

Russia is a mastermind and a steerer of Global Affairs

rvp20182:
We were like Ghana before our modern 2010 constitution.Kenya parliament now makes the budget. Treasury submit their budget proposal almost six months..to parliament budget committee..same with judiciary, independent commission like teachers, police..it parliament committee that kill many proposal...long before actually budget is read in June..then approved..with minor changes.Your parliament role in budget is therefore very limited to approving or minor ammendments.Your treasury is too powerful and almost every three years without fail imf have to come for three years period to fix their mess.Modern constitutional order requires balance of power.Judiciary cannot submit budget proposal to executive.Neither should independent bodies.

That's why nothing works in your country or you just don't no anything about your country or it constitution

Everyday you dig deeper into the bottomless pit of nonsense for something new out of your ass

Just30:
That's why nothing works in your country or you just don't no anything about your country or it constitution

Everyday you dig deeper into the bottomless pit of nonsense for something new out of your ass

US uses same model... your need to empower your parliament to do the role imf now routinely does..drill common sense to Africa most irresponsible executive to live within your means...every three years imf come to Ghana...last mission ended in 2019..in 2022 they are back.IMF don't give money...they give common sense and if you listen to their advice...then imf tell the world this is good boy on the path to reforms... suddenly taps open again.Strong parliamentary can become your Imf...by drilling common sense to executive to live within their means

Just30:
Germany, Poland, France and basically all the European countries connected to the Russian gas infrastructure.

Where do you think they are getting Russian Ruble from in order to pay for Russian gas?

If Obama could win it, why not the comedian?
The asshole just got his country destroyed forever in order to be a pawn.

Russia is a mastermind and a steerer of Global Affairs

Rubble is available if you need it.You don't need gold.You need to part of the international trade. Russia has mets it Waterloo in Ukraine.I was supporting them as counterbalance to US overbearing dominance but they are done.China is our only hope now for multilateral world order otherwise today USA sits unchallenged as only superpower.They are finishing Russia without lifting a finger... Russia has no answer to their HIMARS and that is just a snippet of us industrial military complex.Russia have exposed themselves to ridicule and defeat is certainly coming.USSR was beaten in Afghanistan by US backed muhajideen and it subsequently collapsed.Ukraine is similar ..they have Russia on retreat and what remain is kicking their arse.Ukraine Comedian is now in the USA for more HIMARS and ammunition..Putin only option is nuclear..which if they are stupid to pull...give NATO the excuse to finish them Germany style..then for next 200yrs they will be allowed to only own bows and arrows

rvp20182:
US uses same model... your need to empower your parliament to do the role imf now routinely does..drill common sense to Africa most irresponsible executive to live within your means...every three years imf come to Ghana...last mission ended in 2019..in 2022 they are back.IMF don't give money...they give common sense and if you listen to their advice...then imf tell the world this is good boy on the path to reforms... suddenly taps open again.Strong parliamentary can become your Imf...by drilling common sense to executive to live within their means

no wonder for the past 30 years Kenya has ran a deficit.

Please the us does operate such nonsense...

The White House has a budget office that creates the budget and sends it to congress for deliberation and approval...

Samorobo ,Obaaderemi and all the other big headed local experts thanks for your unsolicited advice. I'm sure the equity team would have done themselves a huge favour tapping into your financial expertise and experience.

rvp20182:
Rubble is available if you need it.You don't need gold.You need to part of the international trade. Russia has mets it Waterloo in Ukraine.I was supporting them as counterbalance to US overbearing dominance but they are done.China is our only hope now for multilateral world order otherwise today USA sits unchallenged as only superpower.They are finishing Russia without lifting a finger... Russia has no answer to their HIMARS and that is just a snippet of us industrial military complex.Russia have exposed themselves to ridicule and defeat is certainly coming.USSR was beaten in Afghanistan by US backed muhajideen and it subsequently collapsed.Ukraine is similar ..they have Russia on retreat and what remain is kicking their arse.Ukraine Comedian is now in the USA for more HIMARS and ammunition..Putin only option is nuclear..which if they are stupid to pull...give NATO the excuse to finish them Germany style..then for next 200yrs they will be allowed to only own bows and arrows

You can buy ruble anywhere except from the Russian Central Bank and for now they are not accepting Dollars or Euro for the energy...
To buy their ruble to make payment, you have to exchange gold.
This is why Europe is even more pissed than ever.


Russia has singlehandedly depleted all of NATO stockpile of ammunitions.

It's the only country powerful enough for a multipolar world ... China doe snot have the military to back it economic strength and that is why they're strongly partnering with Russia to protect their economic corridors.

Himars that Russia has mostly destroyed such that the US has runned out of himars stockpile making the Pentagon highly concerned? I guess you don't know what Grad missile system is

Russia is king in missiles and their stockpile of it can last them 20 plus years of perpetual war.
The fact that they are even currently producing more of it than they are currently using should give you an idea.
Ukraine has no other option at this point than to go into negotiation and seed territory and I'm more concerned about the rest of Ukraine that will be left because the US will just move on to the next country that it will wreck in order for it political backers and their military industrial complex to make money and Ukraine will be far forgotten just like Afghanistan and Iraq are.

Saddamochieng00:
Samorobo ,Obaaderemi and all the other big headed local experts thanks for your unsolicited advice. I'm sure the equity team would have done themselves a huge favour tapping into your financial expertise and experience.

There are more Nigerian banks in DRC than they are Kenyans.

Nigerian banks make more money in DRC than Kenyan banks.

Whatever it is you think you’re doing, Nigeria has done it with less noise.

Shaytun:
There are more Nigerian banks in DRC than they are Kenyans.

Nigerian banks make more money in DRC than Kenyan banks.

Whatever it is you think you’re doing, Nigeria has done it with less noise.

Not the point I was making but nevermind. In other news yesterday I saw off a container in Mombasa full of cow hides for your enjoyment tomorrow.

Shaytun:
There are more Nigerian banks in DRC than they are Kenyans.

Nigerian banks make more money in DRC than Kenyan banks.

Whatever it is you think you’re doing, Nigeria has done it with less noise.

monkey do monkey say.

Just30:
You can buy ruble anywhere except from the Russian Central Bank and for now they are not accepting Dollars or Euro for the energy...
To buy their ruble to make payment, you have to exchange gold.
This is why Europe is even more pissed than ever.


Russia has singlehandedly depleted all of NATO stockpile of ammunitions.

It's the only country powerful enough for a multipolar world ... China doe snot have the military to back it economic strength and that is why they're strongly partnering with Russia to protect their economic corridors.

Himars that Russia has mostly destroyed such that the US has runned out of himars stockpile making the Pentagon highly concerned? I guess you don't know what Grad missile system is

Russia is king in missiles and their stockpile of it can last them 20 plus years of perpetual war.
The fact that they are even currently producing more of it than they are currently using should give you an idea.
Ukraine has no other option at this point than to go into negotiation and seed territory and I'm more concerned about the rest of Ukraine that will be left because the US will just move on to the next country that it will wreck in order for it political backers and their military industrial complex to make money and Ukraine will be far forgotten just like Afghanistan and Iraq are.

keep your madness local

Saddamochieng00:
Samorobo ,Obaaderemi and all the other big headed local experts thanks for your unsolicited advice. I'm sure the equity team would have done themselves a huge favour tapping into your financial expertise and experience.

Definitely a jackpot..KCB is hot on their wheels..agency banking is the trick ..country has 110m people...with 20m in Kinshasa... majority unbanked.James mwangi is a genius.Next Ethiopia

....

rvp20182:
keep your madness local

I know you don't know these things just like every other thing you have failed at on this platform.

Lunatic

I just feel sad for that country because it was a beautiful country

Just30:
I know you don't know these things just like every other thing you have failed at on this platform.

Lunatic

I just feel sad for that country because it was a beautiful country

I predicted Ghana will be bankrupt 3yrs ago..as for Russia..it done.. finished.. kaput..wait for the motions .They are begging Iran for drones crazy.The Wagner mercenaries are now on the Frontline as Russian army is depleted.Russia made huge blunder not finish Kiev when they had the advantage.Russian went for the flanks instead of going to Kiev early... Ukraine gov has recovered and is now pushing them out of the flanks.Kiev now very safe except for kamikaze drones.Europe breezing through winter..then what for 3rd world Russia..by next summer they will be begging for negotiation.You want to kill a snake go for the head...tail will grow back..poor Putin

rvp20182:
I predicted Ghana will be bankrupt 3yrs ago..as for Russia..it done.. finished.. kaput..wait for the motions .They are begging Iran for drones crazy.The Wagner mercenaries are now on the Frontline as Russian army is depleted.Russia made huge blunder not finish Kiev when they had the advantage.Russian went for the flanks instead of going to Kiev early... Ukraine gov has recovered and pushing them out of the flanks.Europe breezing through winter..then what for 3rd world Russia..by next summer they will be begging for negotiation

you're still on this bankrupt idea of yours when everything proves otherwise?
I told you 4 years ago that a little external pressure will be enough to bankrupt your country Kenya .. the COVID period wasn't even over and your country was in the crisis and seeking debt relief which wasn't enough and you landed yourself at IMF

Russias trade surplus just increased by a greater percentage than usual, their budget surplus for this year has increased 3 fold and an even greater percentage of their economy is controlled by Russians.
Their debt are bought by Asians.

The only done party here is Europe, they destroyed their own manufacturing base just to keep being clientele states to the US. Today they are complaining that US is profiting from the war while they surfer all the consequences.

Russian loses in the war is 20,000 dead and 60,000 injured.
Ukraine has 105,000 dead 400,000 injured plus 20,000 civilian dead.
The bulk of Russian casualties are the armies of the independent regions.

They are breezing through winter because despite all their BS, Russia managed to filled strategic storage for them.

The Russians ain't interested in kiev ... Getting Ukraine to strip it defenses it had used 8 years to build on the east was the plan, so Russia can slowly grind them.

Ukraine might not even be a country by the time all of this is done... Everyone knows the the US has to negotiate because they've lost this one just like Syria but Biden is too stubborn, causing the Ukrainians more blood