Unlike the past budget making and presentation, nowadays it is a bit more transparent and open but the pomp is gone. We don’t need the pomp and fanfare – it was useless and full of political gimmick. This year’s budget presentation happened while I was dashing between meetings and teleconferences. But I had a glimpse at night on some of the proposals while enjoying a tipple in one of the big hotels before taxes pushed the prices upwards on this ‘sin’ food.
I have had the opportunity to get some comments from diverse industry players who include business people, stock traders, economists, manufacturers, consultants, banking sector players and so on. Well, I can see the optimism but a cautious one. The import of the depreciating shilling, falling exports and a tough business environment probably informs the restraint.