Discover and read the best of Twitter Threads about #ieakebudget2023
Most recents (3)
🧵Folks, please stop saying that " We dont have a problem with any tax that government imposes". This may be politically correct, but it shows a concession that even the constitution does not allow. #IEAKEBudget2023 1/N
We should not have to live in poverty so that GoK becomes rich. That's a trade off that does not improve welfare. #IEAKEBudget2023 2/N
There is no clause in the Constitution of Kenya 2010 that proclaims that GoK may impose any taxes or rates as it wishes to. Article 210 allows parliament to impose, waive or vary in accordance with legsilation. #IEAKEBudget2023 3/N
Folks, the last budget speech has some gems that reveal GoK's inability to present a coherent taxation policy. On the one hand, GoK is dedicating Kshs. 270M to expand sugar production 1/N #IEAKEBudget2023 
And then claims later that sugar consumption is drivign up the pevalnece of diabetes in households and thereby justfoes imposition of an Excise tax equivalent to Kshs. 5 per kilogramme to cure this negative externality. #IEAKEBudget2023 2/N
Reading those two shows @IEAKenya realization that economic reasoning on tax policy has been abandoned for convenient use of instruments to achieve maximum revenue and even then they dont align objectives with the design. #IEAKEBudget2023 3/N
Budget Theme : "Bottom Up Economic Transformation and Climate Change...... " Truly a mouthful 1/N #IEAKEBudget2023
5 Priority sectors #IEAKEBudget2023
1. Agricultural transformation
2. Transforming the MSE
3. Housing and Settlement
4. Healthcare
5. Digital Supehighway
2/N
1. Agricultural transformation
2. Transforming the MSE
3. Housing and Settlement
4. Healthcare
5. Digital Supehighway
2/N
BETA to be managed through a value chain approach. #IEAKEBudget2023 3/N
