Discover and read the best of Twitter Threads about #BudgetKe2020
Most recents (7)
KAM Vice-Chair @MucaiKunyiha - We shelved our plans for the year, so we need to start thinking anew. Budget lacks some ambition. It seems we are yet to understand the impact of #COVID19KE in order to survive.
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KAM Vice-Chair @MucaiKunyiha - The manufacturing sector is looking for a level of coherence in the development policies. If we keep adding new taxes, we keep adding complexities in doing businesses, which hinders manufacturing competitiveness.
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We have hardly used the energy rebate program, but it has been pulled out. This inconsistency hinders investments, which makes the government lose credibility in the international market - KAM Vice-Chair @MucaiKunyiha
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The #BudgetKe2020 seeks to implement a lot of programs, including Economic Stimulus Program, Big 4 Agenda - some of which are repetitive. We end up having fancy-named programmes, doing the same things - Jane Ndung'o, @SafalGroup External Affairs Manager
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Jane Ndung'o, @SafalGroup External Affairs Manager - Most of these programs lean on supporting SMEs, but funding will be drawn from large companies, who are large taxpayers but given little incentives.
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I urge the government to set aside more funds to combat illicit trade, which has eaten into the local industry's market share - Jane Ndung'o, @SafalGroup External Affairs Manager
KAM CEO @wakiaga_phyllis - There have been both supply and demand-side shocks caused by #COVID19 out of which no economy will emerge unscathed. The pandemic will require us to think outside the box as we develop fiscal and monetary policies.
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KAM CEO @wakiaga_phyllis - In this crisis period, #BudgetKe2020 should prioritize supporting the most vulnerable businesses & households. The mitigation measures introduced should create pre-conditions for a strong recovery.
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The policy response by the government has been the 8-point economic stimulus package & tax incentives. New introductions are the minimum tax & gazettement & enforcement of list of items to be bought under Buy Kenya Build Kenya - KAM CEO @wakiaga_phyllis
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The fiscal deficit of 7.5 % is an area we need to look at and close in on. Government needs to seriously focus on this - KAM CEO @wakiaga_phyllis on @NMGLeadersForum
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We would like Government to reconsider the removal of incentives - especially those that are positive and support local production because they will add to the rebound of the manufacturing sector - KAM CEO @wakiaga_phyllis on @NMGLeadersForum
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We look forward to working on the rebound strategy to ensure that we come out strong as a country - KAM CEO @wakiaga_phyllis on @NMGLeadersForum
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KAM CEO @wakiaga_phyllis - There is a big link between manufacturing and agriculture. There is a also a big opportunity for linkage and value add.
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The Manufacturing sector has been hit. We have been at the forefront at diversifying and getting into new lines of production - KAM CEO @wakiaga_phyllis on @NMGLeadersForum
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We are working on a rebound strategy further to the study we carried out with @KPMGEastAfrica . It will focus on import substitution and sectors where there is opportunity to export - KAM CEO @wakiaga_phyllis on @NMGLeadersForum
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To address youth employment I have set aside 10 Billion on the Kazi Mtaani Programme - @KeTreasury CS @BaloziYatani
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To derisk lending to MSMEs I propose 3 Billion to operationalize the credit guarantee scheme - @KeTreasury CS @BaloziYatani
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To support and enhance MSMEs I propose payment of pending verified VAT Refund claims by allocating Kshs 10 billion - @KeTreasury CS @BaloziYatani
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A secure environment will attract foreign direct investment which is required for our recovery - @KeTreasury CS @BaloziYatani
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The Recovery strategy will accelerate economic recovery and growth - - @KeTreasury CS @BaloziYatani
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In framing this budget, we have taken into account the global scene which has disrupted most aspects of human life - @KeTreasury CS @BaloziYatani
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