Mudavadi, a former Finance minister, said Covid only accelerated the crisis brought forth by an already-struggling economy.
“The debt in our hands is massive,” he said on KTN News.
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The plans that may complement the reversed tax cuts to further shield mwananchi, according to Mudavadi, include suspending projects.
“The revenue stream cannot match all projects that have been launched by the government.”
ANC leader Musalia Mudavadi, who said Covid only accelerated the crisis brought forth by an already-struggling economy.
He said Kenya’s case is not unique as the international community is equally struggling in the pandemic and has no extra cash.
President Kenyatta signs Tax Laws (Amendment), Tea bills into law president.go.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from president.go.ke Daily Mail and Mail on Sunday newspapers.
THE STANDARD By PSCU |
December 23rd 2020 at 17:51:54 GMT +0300
President Uhuru Kenyatta.
President Uhuru Kenyatta today at State House, Nairobi, signed into law the Tax Laws (Amendment) Bill 2020 which was passed yesterday by Members of the National Assembly.
Also signed into law is the Tea Bill of 2018 which contains several reforms among them the re-engineering of the Tea Board of Kenya to oversee the development, promotion and regulation of Kenya s tea sector.
The bills were presented to the President for signature by Solicitor General Ken Ogeto at the brief ceremony attended by Agriculture CS Peter Munya, Senate Speaker Ken Lusaka and Leader of Majority in the National Assembly Amos Kimunya.
Espace Institutionnel Archives - Cameroon Radio Television crtv.cm - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crtv.cm Daily Mail and Mail on Sunday newspapers.
THE STANDARD
Members of the National Assembly yesterday voted for the reversal of Covid-19 tax reliefs in an attempt to fill empty government coffers.
But given the dire economic situation, it is not only the government that is desperate to recover from the havoc wrought onto an already strained economy when Covid-19 struck in March.
Business and households have been hit hard by the pandemic, dimming any hope for a meaningful revenue to be realised in the latest reversal.
The country is caught up in the grip of a health crisis with doctors, nurses and clinicians downing their tools over a myriad grievances, including the push for better pay and provision of personal protective equipment (PPE).