In Summary (rounded figures) When Moi handed over to Kibaki debt was Ksh 28 for every Ksh 100 earned. When Kibaki handed over to Uhuru debt was Ksh 18 for every Ksh 100 earned. When Uhuru handed over to Ruto debt was Ksh 70 for every Ksh 100 earned. As of today under Ruto, debt is Ksh 90 for Ksh 100 earned. Total expenses since July 2013 to June 2023 was around Ksh 13 Trillion Total revenue raised by KRA for same period is around 11 Trillion Borrowing should have been around Ksh 2 Trillion Actual borrowing was 11 Trillion 7 Trillion External Debt { Does not appear in budget) 5 Trillion Domestic Debt Uhuru biggest borrowing was Ksh 800 billion for any one given year. Ruto has borrowed Ksh 1.6 Trillion for the Financial year 2023/2024. Borrowing in Kenyan Constitution is only allowed for development projects , most borrowings now are for recurrent expenditure which is not allowed by law.
Dont even say former president uhuru and ruto goverment messed the economy with corruption. But ruto goverment is the worst worst beginning from the chiefs to the top
President ruto was conderming uhuru borrowing but now President ruto is in a borrowing spree but we dont see any development. Just looting right and left
@@mercyyoutubecheptoo9144The only reason Kenyans are mad with him is because, instead of living up to his campaign promises, he has opted to borrow the 'Fuata Nyayo' leaf from his mentor and political godfather. Jimmy ought to know that our leaders are just greedy accomplces in the scheme to steal our money. The real culprits are the fraudulent international money changers of the 'City of London'. Nations of the world are hopelessly indebted to these crooks. The US government, for instance owes them upwards of US$13T. It therefore really matters little what government takes over, as long as it subscribes to the Ponzi Scheme that is the world's obtaining financial system which is inherently rigged to scheme off real value of goods and services of every nation.
Jimmy has always made very strong and valid arguments about our debt.I belive he would make a very great president, who would save this nation. Like show me projects in this country worthy 10.9T
God bless Professor Jimmy Wanjigi. At seventy plus of age I would give up, fight is on. Before I go six feet under I put my shoulder to Gen Z fight to give us a footing to build New Kenya long overdue. Late Hon. Paul Ngei was my Uncle, now I taste free Kenya. Blessing and Love Gen Z no turning back.
We will overthrow a killer "president" who goes by the name Dictator Ruto by the end of July and force Jimmy Wanjigi to become the 6th president of Kenya before the end of 2024!
@SSk5k Karua is a NO. Those are Moi era people. Moi era people, I will never vote for again. Kila mtu akuje na CV. What is in Karua's CV in terms of development? Talk is cheap, but what has she actually done?
You alone will vote for him wewe unafikiria ako better.....wakianza tu kuongea ivi mnasema president...atakua yiur president not our.please let's not be naive.these people have their own interests in mind it's embedded in most of the older generation
Hujui unasema nini. Yeye ndiye alianza kutuletea kampuni za chinese na amefaidika sana kutokana na hizo biashara. Uunye na Ruto wamefunga mifereji yake ya kuibia wakenya ndio maana anamachungu. Baba ya alikua rafiki ya Jomo Kenyatta, Moi na Kibaki na amefaidika sana, mali yao yote imetokana na uporaji kwa serikali. Muulize mambo ya Anglo-leasing ilianzaje? Their family has benefitted a lot from proceeds of corruption, heri Ruto kuliko huyu. His kids are flown to schools outside Kenya, does he know anything about children from the poor who sit in the sun and sand to learn? Jichanue and read the history of Kenya
@@mimimkenya2325I salute you sir. Thieves who can no longer loot dream that they have suddenly mutated to saints😂😂😂😂😂😂😂. Tafuta wajinga wa kudanganya.
What I love about this conversation, is how Jimmy breaks down the debt structure that Kenya faces. The middle-class have began this revolution and I really hope that it doesn't stop.
Respect to Jimmy for consistently teaching Kenyans about Kenya's budget, debt, sgr, euro bond and all other aspects of Kenyan economics. Legacy made. Thank you!
Many other brains have not had a chance, let us pave the way for them.. Wanjigi has claimed Jubilee was started in his house. So everything UHURU and Ruto did that is bad should be attributed to him. Let him clean up his mess.
This man is a think tank. Well educated, well mannered, well composed. I respect you Sir, you what you are talking about. This video should be in every tv stations in Kenya
Jimmy, I hope when you become president you will remember all this interviews. I believe you are the only one who can turn kenya's economy. Though painful, but sustainable I will vote for you
@@adrianmunene5208 I NOW SEE WHY UK AND WSR WERE TRYING TO GET HIM ARRESTED AND HIS GUNS TAKEN AWAY.THEY WANTED TO DESTROY HIM FOR THESE INFORMATION TO BE SECRET.NOW WE KNOW.AND THE GENZ MUST LISTEN TO THESE INFORMATION BY THE TIME WE GO 2027.
Chan Fuchan Yuan once said: "There are three essentials to leadership: humility, clarity and courage." Jimmy has all these attributes and he is one of the Leaders Kenya badly needs You speak well Jimmy and one can see in you the love for the motherland and the passion and commitment to make things right Onward to 2027
Jimmy Wanjigi, thank u so much for a simple explanation that all can understand how Mr Ruto is destroying Kenya's economy! Basically we have in place a clueless President when it comes to matters of Economics! The whites have seen his weaknesses and they are thinking ooh, well this one is our puppet boy lets trick him so that we can take their land, and he jumps on board!!
Jimmi, I love your grasp on the debt burden in this country. Please talk to our Gen -Z to escalate this issue. You and Okiya are the only hope for Kenya, going forward.
Thank You for breaking down debt. Its clear where the probl em is. We indeed need this narrative as taxpayers. This information needs to go out to all kenyans
What I love about him, he started by acknowledging that he had a comfortable upbringing, most politicians what to only associates themselves with poverty and lack, and glorify poverty.
It is sad that this bloated debt situation is costing the country 9 shillings out of 10. There's no way we will run with 1 shilling for every 10 collected until 2027. My heart truly bleeds for Kenya😢l
The country need to answers on where all borrowed money was used. We want the government to come out and explain to the citizens why we borrow in the first place. In fact, the government should stop paying any so called debt
THIS MAN #JIMMY_WANJIGI CAN BE A VERY GOOD PRESIDENT OF KENYA HE IS VERY HUMBLE, HAVE THE COUNTRY AT HEART, WISE AND HE IS A SON OF THE SOIL. ALL HE HAS SAID IS NOTHING BUT THE TRUTH.. ❤️💯
This is great! How do we get this to get 10M or 25M views by going viral like some of our music videos! The constraining factor here is economic - most of those needing to view this do not have enough data... it is too expensive, and even taxed too highly! It should be almost free like in Finland and South Korea! Jimmy Wanjigi, thank you! YOU WERE BORN FOR SUCH A TIME AS THIS! FULFILL YOUR PURPOSE! Do not take your foot off the pedal. Kenyans are well informed and educated and can understand this issue if they only get to hear it explained. This is the tool or vehicle Kenya can use to get widespread financial literacy in the country to anchor our economic independence and this economic revolution! A luta continua!✊🏿🙏🏾🙌🏾
I like the way Hon. Wanjigi has said the problem is spiritual. Which means it will be sorted out spiritually, but william the president will not have the honors of solving the same. But am confident the solution is already here with us and in us...Its just a matter of time. The sooner humility takes center stage, the better for us all. Shalom.
The debt problem is not peculiar to Kenyan or even African governments for all that matters. The US government's indebtedness, for instance, is way above her neck and still rising. Without ID'ng and pinpointing the real problem, we'll be producing little more than hot-air. The cure to the world's governance and debt problem can only be administered by kicking the money changers of 'the City of London' and their fraudulent fractional reserve banking financial system out of governments and multilateral institutions of the world.
I have always said , if you do not understand sonething go to the Souce. JImi has broken this down for every generation to understand ...Clarity, Consise,Consistent , great revelation . He does have the solution .
Matatizo ya fedha nawaomba musikize documentary ya Money Master by Bill Still kisha tatizo la kisiasa tafadhali soma kitabu cha Muammar Gaddafi kinachoitwa Green Book
Jimmy, the monster is the economic model not the debt. The constitution was changed but the colonial economic system was deliberately left untouched. World Bank began lending to Kenya in 1960, even before independence. The monopoly of manufacturing is in the hands of people like Chandaria, Raval and Vimal Shah, the godfathers of a ruthless industrial syndicate, which sponsors politicians and anti-competition tax/laws in order to maintain unrivaled supremacy. All human beings have self interests. Therefore, a different president will still bring about the same results if things continue to work the same way. So it will take a logical economic system to keep people accountable.
what needs to be done is to offload all state corporations that are nothing but dens of corruption and the legal system needs to be hardened and leech monopolies need to be wrecked like the vimals,we need tarriffs on imports so that local manufacturing can take off the school system needs to be scrapped and anew one based on true entrepreneurship and rooted in technical studies only has to be created.we need to cut down the government and stop making government jobs lucrative it needs to stop being the source of employment and the private sector need to take on this role but the government can play arole in subsidizing manufacturing and creating tax free economic zones to super charge production,the biggest secret to achieve the kenyan dream is actually to work so hard to make kenyans stop looking at the government as asource of anything except enforcing the laws but to instead look at themselves as source of employment and economic freedom.i left kenya 16 years ago only to find out that i can hire myself and i never need to look for work i wish i knew this back in Kenya
Jimmy is a patriot and knowledgeable on the issue of the Kenyan debt, lets listen to him. There are many more such patriots out here and we care about this country. The focus of the citizens of Kenya now must become the debt issue. Let us resolve it. A judicial commission of inquiry and a forensic debt audit MUST be conducted asap so that we can get Uhururuto to shoulder the debt the borrowed for private endeavors. In retrospect though, these two leaders, Uhuruto were ICC candidates and ICC would have cleaned them for us instead Kenyans and especially the Kalenjin and Kikuyu communities imposed them upon the nation. How sad can it get? See where they have put the country? Sad but not late. We must get them to account. The starting point now is for us to get Ruto out of office, and let him pay what he has borrowed for himself using Kenya as collateral. And Kenyatta should do the same. The change must be given back to the nation. This is the patriotic thing that Kenyans must undertake for themselves and our nation.
Jimmy Wanjigi has had very sound arguments right from before elections. I commend him. For the longest time he never mentions who took the audious debt Kenyans continue to pay. Today he came very close (perhaps the closest he has) by indicating President Ruto helped collect it. Can he follow through with his argument and state who he helped or was with. Contrary to the norm, I find it weird that RAO and UK and even WSR have never responded to his allegations. My only problem is the solution he provides, that Ruto must leave office. So how will whoever comes in detach the sovereign from the debt? Default? Maybe declare it audious and have the culprits bear the blunt personally. If he briefly stepped back from his own political interest he’d come off with some amount of trust. Some of us much as he makes sense, his motive is still suspect. Mr. Jimmy Sir, do you mind putting a case out in court so that whoever borrowed illegally and put money where it wasn’t supposed to be can get prosecuted. A case against BBI won. With Gen Z helping with accountability through the process, the sovereign can win this.
To advice ruto what?the thing here is for ruto to refuse to pay those debts,decreayer them as odious dept,then lay a forensic audit from 2013 to date.😢😢😢we are fuckedup.
As at now, we are in deficit budget where our total expeditures is 3.9t and kra collect 2.3t in a year. On the other hand, the govt are repaying debt of 1.1t from that of 2.3t, only 1.2t remains to run the whole budget and they have only option of borrowing to meet the expeditures. Kenya is in financial crisis and one day kenya will default on debt even if 20yrs to come…….. my question is , what is the next and best solution to sort dz debt crisis
