Token Sh23bn stimulus: Slow recovery, depressed taxes, more debts
Treasury Cabinet Secretary Ukur Yatani pose for a photo with the budget briefcase at The Treasury before leaving for Parliament Buildings for the reading of 2021/2022 annual budget on June 10, 2021.
Economists had been unsuccessfully urging the Treasury to offer a big stimulus.
Most businesses have difficulties accessing working capital because their bank balances have been erratic for the past 16 months.
Although some pomp and ceremony remain, the budget-making secrecy of yesteryears is long gone. The details of all budgetary allocations have been available on the National Treasury website for weeks ahead of the reading of the budget statement last Thursday.
The other key allocation is to counties, and is driven by the Division of Revenue Act, which was concluded a couple of months back, and among the counties themselves, by the County Allocation Act.
