Tanzanians like to ridicule Kenya for taking big loans ...but what they don't understand is this:
- Kenyan GDP is 104 billion dollars. our population around 53 million.
- Tanzanian GDP IS 69 Billion dollars. and a population of around 62 million.
- If Tanzanians survive with 69 billion with 62 million people and an area way bigger than Kenya. That means that Kenya can pay its debt within two or three years and accomplish mega projects and still remain with more money than Tanzania.
Right now Kenya is thought to have a debt of 70 billion dollars. With a GDP of 104 billion
Suppose we divide 70 billion dollars by two or three... we get 35 billion for two years (plus one minus one) and we clear the loan in just two years.
If we remove 35 billion for loan repayment, we will remain with (104 billion minus 35 billion) is equals to 69 billion dollars.
this 69 Billion dollars is what Tanzanians use with that larger country than Kenya and a huge population than Kenya.
Meaning that even after paying our loan we will still remain with a balance of 69 vbillion which is what 62 miilion of people use in TZ for everything.
Soo Beachi vidimbwi you gerrit ???...If you dont gerrit forgerrabaoutit.