Discover and read the best of Twitter Threads about #KEBudget2022_23
Most recents (8)
"Out of the Kshs. 846 Billion deficit, most of it will come from internal sources which are basically domestic borrowing and what this means is that the displacement effect of government borrowing on other private sector firms will continue ~ @IEAKwame
#KEBudget2022_23
#KEBudget2022_23
"The next parliament must insist on the presentation (Draft of the National Tax Policy) for discussion & conclusion & the reason for this is that the policy will clarify the merits & qualifications for the applications of taxes such as excise on goods & services ~@IEAKwame
@threadreaderapp unroll
Should GoK maintain the price stabilization fund for petroleum fuels beyond June 2022?
Should parliament approve the proposal by the @KeTreasury to raise the excise tax on Nicotine used in E-Cigarettes from Kshs. 1 to Kshs. 70 per mg?
Should parliament approve the proposal to impose an Excise Tax on imported eggs?
Positive Take-Away from Budget Statement for Law & Economy
-The Judiciary Fund will be operationalized from 1st July 2022. #KeBudget2022_23 1/n
-The Judiciary Fund will be operationalized from 1st July 2022. #KeBudget2022_23 1/n
As per @KeTreasury conditions have been met including; the Judiciary Fund Act and
Regulations have been enacted; The Bank accounts for the Fund have been opened at the Central Bank of Kenya, and an appropriate budget for Judiciary has been created. 2/N
Regulations have been enacted; The Bank accounts for the Fund have been opened at the Central Bank of Kenya, and an appropriate budget for Judiciary has been created. 2/N
IFMIS has been enhanced to accommodate Judiciary Fund operations, and therefore the fund can be operational. 3/N
The total budget deficit is Kshs. 846B. This will be funded with Kshs. 260B from external and Kshs 583B from domestic borrowing. The borrowing training continues. #KEBudget2022_23 1/N
Exemption from VAT for pharmaceutical products. 2/N
Proposal to exampt inputs from VAT parts for the assembly of motor vehicles. 3/N
๐๐๐ซ๐ญ ๐: ๐๐ญ๐๐ซ๐ญ๐ข๐ง๐ ๐ข๐ง ๐ ๐๐ข๐ง๐ฌ!!
๐๐ก๐ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ ๐๐๐๐๐/๐๐ ๐๐ฎ๐๐ ๐๐ญ ๐ซ๐๐๐๐ข๐ง๐
#KEBudget2022_23
๐๐ก๐ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ ๐๐๐๐๐/๐๐ ๐๐ฎ๐๐ ๐๐ญ ๐ซ๐๐๐๐ข๐ง๐
#KEBudget2022_23
Policy measures for economic recovery in #KEBudget2022_23 should have a keen focus on revenue growth and building of economic resilience due to increased risk exposures from external debt
Theme for #KEBudget2022_23 is "Accelerating Economic Recovery for Improved Livelihood", contextually apt but will it walk the talk??
National Treasury @KeTreasury projects revenue of Ksh 2.4 trillion putting the deficit at Ksh 846 Billion. PBO estimates Ksh 2.2 trillion. IEA estimates less than that. In short, Treasury is setting up Kenyans for a Ksh 1.2 trillion deficit. #KeBudget2022_23
The Fiscal Deficit will be covered through Ksh 260 Bn- External Borrowing, and the rest internal borrowing.
Locally Manufactured passenger motor vehicles exempted from Excise.T. #KeBudget2022_23
One key fact to note is that the trendline of Kenya's economic growth and the revenue(% of GDP) continues to decline over the last 12 years. #KeBudget22_23
PBO estimates that debt solvency indicators (PV of Public debt revenue and grants ratio & PV of PPG External Debt-to exports ratio) breached in 2017 could be resolved as early as 2031. #KeBudget22_23
Exports continue to decline as shown by the Exports growth rate (%); 2012 โ 2020, and this has implications for the compounding debt crisis. #KeBudget2022_23
Our tweet chat is starting in 3 minutes! @j2mutua and colleagues @WNWamalwa @DJattani @RaphaelMuya3 will lead the conversation. #KEBudget2022_23
Kenyaโs economy is projected to rebound to 6.0 percent in 2021. The recovery in 2021 is on account of the reopening of the economy which is expected to increase economic activities and also partly reflects lower base of 2020 #KEBudget22_23
