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Hits and misses in this year's Finance Bill as economy hurts

The National Treasury. [Denish Ochieng, Standard]

The government has proposed a raft of changes to the Finance Bill 2023 which has elicited a countrywide debate on whether the Bill supports recovery initiatives of businesses that have been affected by depressed economic growth, coupled with the high inflation rate, the weakening Kenya shilling and delayed rainfall.

This affected agricultural production in 2022. Local businesses and wananchi need to be lauded for remaining resilient when the key macroeconomic fundamentals were not working in their favour.

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