Episode 25: Budget 2022/23

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.Subscribe to get notified when we make a new post.Show Notes00:00:00 Introduction00:02:41 Supplier debt 00:09:43: Tax cuts00:11:12: Laffer curve00:15:53: National tax policy00:21:21: Tax disputes00:27:46: Quality of policymaking00:29:24: Petroleum development fund00:33:41: Is there room for changes in tax policy?00:42:13: County-level taxes00:50:25: Cutting down on expenditure00:52:56: ‘Kazi Mtaani’ program00:56:49: Taxing diaspora remittances00:59:44: Budget allocation to counties01:02:43: Effects of a depreciating shilling01:08:44: Is the media doing enough?01:19:17: Rebranding KRA01:24:12: Performance of legislators wrt government spending01:32:00: Tax incentives on donations and the 60-day cycle in tax disputes01:34:16: Closing remarks Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe