By Aoma Keziah,
The Government Spokesman Isaac Mwaura has highlighted on the Government’s ongoing commitment to its Bottom-Up Economic Transformation Agenda, commonly known as the BETA Plan. Launched two years ago, saying that BETA Plan emphasizes job creation, income distribution, and economic resilience, aiming to foster a stable economic environment that benefits all Kenyans.
In his statement, Mwaura highlighted the Government’s dedication to sound fiscal policy and sustainable debt management, addressing concerns over public debt, which now stands at 68% of GDP, down from 73%.
“Our goal is to build an economy that increasingly relies on strong domestic revenue rather than foreign debt.” He said.
He futher said that Proposed tax reforms under the BETA Plan aim to foster equitable growth, social equity, and improved living standards without overburdening ordinary Kenyans. Among these reforms, the 2024 Tax Laws (Amendment) Bill and Tax Procedures (Amendment) Bill aim to streamline revenue collection and enhance fairness.
“Key amendments target fair and sustainable tax systems, including provisions for tax amnesty where warranted and measures to improve tax compliance. Legislative changes under Articles 174 and 232 of the Constitution emphasize greater equity in tax distribution and efficient tax administration. These bills were developed through extensive public consultations, offering Kenyans an opportunity to weigh in on proposed fiscal measures.” Mwaura emphasized.
On Digital Economy and Workforce Benefits he announced that with the growth of Kenya’s digital economy, new tax initiatives targeting digital services, including ride-hailing, freelance, and professional services, to ensure that foreign and domestic digital providers contribute fairly.
“For employees, proposed tax amendments will make benefits more accessible by raising allowances on non-cash benefits and supporting deductions for retirement contributions and essential services like healthcare and housing.” Mwaura added.
On Agriculture, he noted that it remains a cornerstone of the BETA Plan, emphasizing the Government’s support for Kenyan farmers and consumers.
“Through the National Cereals and Produce Board (NCPB), maize prices have been set at Ksh. 3,500 per 90 kg bag, up from recent lows, ensuring farmers earn fair compensation. This price stability has been facilitated by the Government’s fertilizer subsidy program, which has led to a productive harvest and affordable food prices, with maize flour retailing at Ksh. 89 per kg and cooking oil at Ksh. 200 per litre.”He continued to say.
Shifting to the Progress in Healthcare he point out that the Social Health Authority (SHA) has made strides in improving access, with over 14 million Kenyans registered, insisting that SHA has expanded services to cover chronic conditions at no out-of-pocket cost, and the Government is encouraging private healthcare providers to join this effort.
Additionally, he commented on the recent extension of a Ksh. 78 billion facility under the IMF’s Extended Credit Facility (ECF) saying that it reflects international support for Kenya’s fiscal policies.
“This facility, part of an ongoing program, aims to reinforce Kenya’s fiscal and climate resilience while reducing the reliance on foreign debt.” He remarked.
Mwaura concluded by reiterating the Government’s commitment to transparency and efficient use of public resources, particularly in priority areas such as health, housing, and education, all under the BETA Plan.
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