By: Elvis Nyongesa
In most cases in our country when the cabinet secretary for the treasury has read the budget we always encounter a change in the price of all commodities. Yesterday the budget was read and it is higher than the previous budgets that we have always had.
So the expectations are very high that we are going to encounter the high cost of living in our country. With the inadequacy of oil in our country this means the government will have to go out of its ways to raise the funds so as to meet the targeted budget to fund all the projects outlined by the cabinet secretary of Treasury Ukur Yatani.
The bigger question is, how is the government going to raise all these money in the budget? Does it mean that the citizens will have to incur high tax rates or the government will borrow more funds making our debt to go higher? These are the questions that everyone has to ask him or herself.
Seemingly the prices of all commodities are going to shoot up to increase the revenue and this is a burden to the common Citizens.
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About the Author
The concern about commodity prices putting more pressure on ordinary citizens makes sense. Small traders could also get squeezed if stock costs rise after they’ve already agreed a price with a customer. Keeping the agreed price and payment record together could help them track those gaps after the budget. Higher selling prices don’t necessarily leave more money to live on.
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