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Prime
Mbadi has misread Kenya’s economic mess
Today, we are witnessing the erosion of the annual budget’s political and economic significance. Multiple unplanned supplementary budgets have disrupted predictability and forward planning in the budget process.
I have been covering and commenting on budget speeches since the days of strict price controls. Budget Day used to be one of the most significant events on Parliament’s calendar year.
In the lead-up to D-Day, the contents of the budget speech were treated as top secret. I recall how a former Finance Minister, the late Wilberforce Kisiero, was once sacked for allegedly leaking the budget before Budget Day.
