Hiking levies is a risky gamble in tough times

Maize flour on sale at s upermarket located along Kiambu Road, October 27, 2023. [Boniface Okendo, Standard]

In an environment of high unemployment and escalating living costs, the government's decision to raise taxes poses a significant threat to the country's economic growth.

Tax increases in such a precarious economic landscape risk exacerbating financial burdens on citizens and businesses, potentially leading to a deeper economic downturn. This strategy could stifle consumption, hinder investment, and ultimately result in a declining GDP.