An assessment of the current election promises on the economy.

T

The.Black.Templar

Elder Lister
Staff member
Bottom-Up Economic Model (UDA):Impact on the Economy
  • A blueprint targeting to promote the informal sector to spur economic growth and job creation,
  • UDA promises to change the current economic model from Capital Intensive to a Labor intensive model that promotes job creation,
  • The bottom-up model seeks to empower ordinary Kenyans and Small and Medium
    Enterprises (SMEs) through creation of a business environment where SMEs can thrive. They intend to achieve this through;
    • promotion of Entrepreneurship,
    • access to cheap credit,
    • removal of the high tax environment as well as the hostile working environment for businesses
  • Through the Bottom-up economic model, the party promises to expand Kenya’s tax base whereby a progressive tax structure will be
    enforced. The progressive tax structure will ensure that the higher income earners in Kenya pay more tax than low income earners
  • Acceleration of economic growth through equitable distribution of resources,
  • Growth in the informal sector as more jobs are created,
  • Through the expansion of the tax base, Kenya’s revenue collection which
    continues to lag behind the target will improve as KRA will be able to collect more taxes from high income earners.

Monthly Disbursements to Families (ODM)Impact on the Economy
  • Disbursement of Kshs 6,000 per month to approximately 2 million households with no income
    once elected,
  • Focus on the revitalization of the rural economy through improved infrastructure, provision of clean water and access to cheap electricity,
  • Conversion of student loans offered by the Higher Education Loans Board (HELB) into a grant.
  • The promise to disburse Kshs 6,000 per month to 2 million households will cost the government at least Kshs 144.0 bn per
    year, representing approximately 4.8% of the FY’2021/2022 budget
  • High tax environment and increased government borrowing in order to finance the initiatives
 
The.Black.Templar said:
The progressive tax structure will ensure that the higher income earners in Kenya pay more tax than low income earners
Click to expand...
You expect mps to pay more taxes? Kama ni house allowance walikatalia despite a court order, expect nothing of the sort

The.Black.Templar said:
Disbursement of Kshs 6,000 per month to approximately 2 million households with no income
once elected,
Click to expand...
hii nayo ni upus

The.Black.Templar said:
Conversion of student loans offered by the Higher Education Loans Board (HELB) into a grant.
Click to expand...

more upus, anyway manifesto niya kufurahisha middle class, then to the dustbin.
 
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