Are tax breaks sufficient growth stimuli?

By Walter Mutwiri, Deloitte Eastern Africa

The Minister for Finance presented the 2009/2010 budget in the face of unprecedented consequences with the global economic downturn, the effects of the post-election violence and the prevalent drought. In his speech, the Minister said that this fiscal year’s budget was drafted with the aim of stimulating growth in priority areas that will in turn create growth in the key sectors of the economy.