Last week, we explored various ideas on how we can jumpstart the economy in a peri/post Covid-19 environment. Further, there are 16 million people who live below the poverty line in Kenya according to the Kenya National Bureau of Statistics (2020). Kenya has only about 90 dollar billionaires within a $100 billion economy. In terms of fiscal discipline, it’s instructive to note that the national deficit is a big challenge, standing at 8.9 per cent. In this regard, we can thus conclude that the real problem we need to address is expenditure reduction rather than how to meet the deficit.

Source: The Star March 12, 2021 02:01 UTC