FILE PHOTO | NMG
Listening to Treasury Secretary Ukur Yatani deliver the financial year 2020/21 Budget Statement, it was clear that he had prepared well.
We should hope that this scheme is well managed and that it helps to allay the impact of the country’s current health and economic challenges on the MSME sector.
Clearly, the Cabinet Secretary is determined to lower the overall cost of doing business in the country such as by asking Parliament to reconsider a Bill that would dismantle some of the hurdles and bottlenecks that impede cross-county trade.
Such fees and levies can be a nuisance to businesses, and they increase the cost of goods sold and – just as importantly – they also increase the burden of compliance with an array of county legislation.
Whether tax revenue targets will be met, recurrent expenditure kept in check and Government projects and programmes completed on time and on budget, remains to be seen.
