The Kenyan government's appetite for loans has come back to haunt our economy. The government has been borrowing mercilessly from international bodies to fund various projects and activities in the country.
The government therefore has to look for ways to get money to pay back the loans. In that case , the government has to inflict taxes to Kenyans so as to raise the required amount of money to give back to the lenders.
The recent rise in fuel prices is one of the many ways the government of Kenya is looking for means to get funds . The money which was borrowed, however did not do projects which would create revenue to the government. Most of the funds were used to buy drugs , to prevent disasters as well as other activities which could not give something in return.
Some of the money was mismanaged by government officials through corruption and theft of public funds. The actions of the current Jubilee administration is a danger to the upcoming generation who must pay the loans to the lenders.
Content created and supplied by: Hillario254 (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More