Put citizens’ welfare at centre of fiscal policy

tax

Tax concept, high angle view of businessman crushed by the huge stone on the street. PHOTO | SHUTTERSTOCK

In 2023, Kenyans have weathered tough economic conditions caused by both local and external shocks.

Higher taxes, a weaker currency and elevated inflation due to rising food and fuel costs are just some of the issues they have had to contend with, making the fact that the economy has still managed to grow by over five percent all the more impressive. Looking ahead into 2024, many will be concerned about the possibility of a repeat of the same hiccups that characterised the past year.

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Note: The results are not exact but very close to the actual.