His task is to balance the bigger budget against shrinking revenues as businesses shut down, workers lose jobs or face pay cuts and exports decline. Yesterday, Yatani spent hours appraising his boss, President Uhuru Kenyatta, before making known how, if at all, his Budget would tackle these glaring imbalances amid the unfolding calamity. National Treasury is, however, optimistic to ramp up an additional Sh117 billion from wealthy individuals and industries through a modest reversal of tax exemptions. And if you ask how the ordinary mwananchi is going to benefit it is not much,” said Yatani. However, Yatani was bullish that some of the things they are reversing have had no benefit to mwananchi.

Source: Standard Digital June 10, 2020 17:11 UTC