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Risks lurking in Treasury’s ambitious spending plans
National Treasury and Economic Planning Cabinet Secretary Prof Njuguna Ndung'u with other officials pose for a photo with a briefcase containing the 2023/2024 budget statement before proceeding to the parliament building on June 15, 2023. PHOTO | LUCY WANJIRU | NMG
A friend regaled me weeks ago with Bill Cosby’s 2009 episode, Theo’s Budget, or Economics 101. It details a father’s budgetary lesson to his not-so-ambitious son, evading college for the low-paying life of ‘regular people’.
The father, offering $1,200 pocket money, opens his son’s eyes to the realities of income and taxation in a mock game of cards using US dollar notes.
