Budget with no tax increase? Makes both economic and political sense

Kenya: The Jubilee government has read its second Budget, which was much anticipated because of the prevailing political circumstances. The Budget was not too surprising, the sectors we expected to get the lion’s share of funds, like education and security, got it.

The Budget has one interesting but positive line: money for the vulnerable. We have argued for a long time that the measure of a country’s level of progress is not how well it pampers its elite, but how well it takes care of its disadvantaged, from the orphans to the disabled and the jobless.