This has strained the economy leading to high inflation, reduced productivity across all sectors and reduced revenue generation. Increased taxation further stifles economic growth by reducing incentives to supply labour. In the long run, the government should focus on how to improve productivity across all sectors of the economy to generate more revenue. Concerted and consistent effort must be made to put these idle resources to economic use. The government should also focus on innovation by adopting technology to develop high-value commercial activities and improve economic performance.

Source: Daily Nation January 17, 2023 03:30 UTC