Kenyan MPs' budget expectations

The Kenyan Members of Parliament are eagerly anticipating the reading of the 2017/18 budget, which is expected to address ongoing economic issues such as rising inflation and create a more inclusive economy that ensures all citizens have access to services. In an exclusive interview with CNBC Africa, MPs shared their thoughts and expectations for the budget. One of the key concerns expressed by the MPs is the need to bridge the gap between the rich and the poor in the country. They emphasized the importance of ensuring that essential commodities, especially those used by the local population, are priced reasonably, particularly in the lead up to the upcoming election. The MPs stressed that any tax increases on these products could further burden the already struggling citizens. With Kenya facing a drought situation that is affecting the livestock and agricultural sectors, food security is a pressing issue that needs to be addressed in the budget. It was highlighted that the economy needs to prioritize the production sector, particularly agriculture, to enhance economic growth. The MPs noted that while consuming ministries such as security, infrastructure, energy, education, and health have received substantial funding in recent years, the production ministry, which is essential for economic progress, has been neglected. They called for greater investments in rural infrastructure to improve connectivity and trade in rural areas. Education was also flagged as a priority, with MPs advocating for equitable access to education for all children in Kenya, as currently, there are disparities in opportunities between different regions and socio-economic groups. Additionally, the MPs emphasized the need for increased allocation of resources to institutions focused on governance, ethics, and combating corruption. They highlighted the detrimental effects of embezzlement and mismanagement of funds, which hinders development projects and services delivery. Furthermore, the issue of insecurity in various regions, such as Baringo, Samburu, and Laikipia, was underscored as a critical concern that requires immediate attention. The MPs called for sufficient resources to be allocated to the relevant ministries to enhance security personnel recruitment and equipment provision. They emphasized the importance of addressing the root causes of insecurity to ensure the safety and well-being of communities in these affected areas. Regarding the economic challenges faced by the country, the MPs discussed the impact of high taxes on oil products, which in turn affect the prices of essential commodities. They suggested that the government should consider lowering these taxes to alleviate the financial burden on the citizens. Additionally, the MPs highlighted the issue of low lending rates in banks, which has led to restructuring and downsizing in the private sector, affecting employment opportunities. They recommended that guidelines be established at the county level to regulate employment practices and ensure consistency and accountability among governors and local authorities. Overall, the MPs are optimistic that the budget will address these key areas and set the stage for economic growth, social development, and improved governance in Kenya. They are hopeful that the government will prioritize the needs of the population and implement policies that benefit all citizens.