- May 24, 2014
Ignorance on steroids, Nigeria has federal budget and state budgets, idiot! What is your national annual revenue, it was mentioned in your budget reading usiseme nimepika?..wewe weka hapa nikuonyeshe how your reasoning is a fallacy.,., nchi fukara, dont mention Nigeria where Tanzania is discussed, despite their challenges and corruption, u are just an insect in comparison.., Kenya's annual revenue inashinda budget yenyu., yaani Kenya can finance mahitaji yoote ya Tanzania with mere revenue collections, mapato ya ndani pekee, na change ikabaki. And your budget is bigger than even your revenue, lazima mkope, Kenya is ambitious, small country with huge programmes and bigger revenue collections, "uchumi wa kwenye makaratsi eti"., mnapata taabu sanaFicha your ignorance.
A big budget doesn't necessarily mean you are richer or more developed.
Nigeria's GDP is five times that of Kenya and y'all have the same budget size.
Kenya's development expenditure (the most important part of the budget) is 6bil$. Tanzania's is 6bil$.
The rest is debt servicing and payroll (usually this is the indicator of how big/corrupt is the government).
CFS (debt servicing which is mainly debt rollover) is 12bn$ for Kenya vs 4bn$ for Tanzania.
Basically that budget is for payroll and debt rollover (85%), while Tanzania spends 40% in development projects.