Welcome to the Mwango Capital Podcast where we discuss topical issues on African capital markets.
In this episode hosted by Ramah Nyang, we are joined by IEA Kenya CEO Kwame Owino, KeBudgetTalk Co-Founder Jossie Nyamai, Phoebe Njoga - Manager at Andersen, and Nikhil Hira - Partner at Kody Africa LLP.
We break down the 2022/23 budget and hold in-depth discussions on the unresolved supplier debt situation, the shilling depreciating against the dollar, the national tax policy and quality of policymaking in Kenya, and the performance of legislators with respect to government spending.
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Show Notes
00:00:00 Introduction
00:02:41 Supplier debt
00:09:43: Tax cuts
00:11:12: Laffer curve
00:15:53: National tax policy
00:21:21: Tax disputes
00:27:46: Quality of policymaking
00:29:24: Petroleum development fund
00:33:41: Is there room for changes in tax policy?
00:42:13: County-level taxes
00:50:25: Cutting down on expenditure
00:52:56: ‘Kazi Mtaani’ program
00:56:49: Taxing diaspora remittances
00:59:44: Budget allocation to counties
01:02:43: Effects of a depreciating shilling
01:08:44: Is the media doing enough?
01:19:17: Rebranding KRA
01:24:12: Performance of legislators wrt government spending
01:32:00: Tax incentives on donations and the 60-day cycle in tax disputes
01:34:16: Closing remarks
Episode 25: Budget 2022/23