Opinion: Finance Bill needs to reflect Kenya’s economic reality – Muchai Kunyiha

View of the skyline of Nairobi, Kenya with Uhuru Park in the foreground.

Business Daily | by Muchai Kunyiha

At the heart of a nation’s prosperity is prudent public financial management, and this begins with a well-planned and balanced budget.

Besides funding essential services such as health, security, education and general administration, the national budget makes a fundamental decision on the level of resources that the government will take from its citizens to finance itself.

Therefore, governments must allocate resources judiciously, whilst bearing in mind a country’s economic performance and the most pressing needs of its citizens.

Kenya’s prevailing economic situation is currently characterised by the high and rising cost of living, unemployment, rising trade deficit and…

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