Financial Expert Wants the Government to Balance the 2023 Finance Bill
Financial Expert from DGMB Training Solutions Ltd David Kemei Rotuk has urged the government to balance the Finance Bill, 2023.
He says this will ensure that Kenyans will not suffer and the government will be able to run its proposed projects.
“As a financial expert I am calling upon the government to balance the proposed tax in the 2023 Financial bill so that Kenyans will not suffer while at the same time, the government projects will not stall due to lack of funds,” said the Financial expert.
The National Treasury tabled the Finance Bill, 2023 (the Bill) before the National Assembly on Thursday, 4 May 2023.
The Bill proposes a raft of tax changes that are geared towards expanding the tax base and raising revenues to meet the government’s ambitious budget of KES 3.6 trillion for the year 2023/2024.
“All proposed development projects which include proposed infrastructure, Education, and Health are essential but it will be good to seek balance so that things will go on as planned without any interference,” he added.
He said the reason why there are increased proposed taxes is because the government has a huge debt that needs to be paid.
“I urge the government to ensure that at all costs they reduce borrowing money from other developed Countries. This will help in the reduction of taxes. The Government should also fight corruption so that the taxes be used well without being stolen,” he noted.
David Kemei Rotuk is a Financial Expert from DGMB Training Solutions Ltd which deals with consultancy and training of workers for advancing executive, professional and staff courses in the region.
DGMB Training Solutions aims to facilitate institutions in the complex task of developing and maintaining competitive advantage, ensuring growth and survival in the dynamic and ever-changing market, through the design and delivery of the highest standards of Training and Consultancy. We are positioned to partner with institutions that embrace training not only as a means of rewarding and motivating their employees but as an investment in future growth and sustained value creation.
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