Monday, 5 August 2013

While trying to realize economic solidity let do it vigilantly………



Increasing taxes and failing to simultaneously check on governments spending is most  likely one of the economic grave mistake that a country can afford to commit. Superficially it may appear as an upright and a viable solution of putting the economy in check or a channel to accumulate more funds into the treasury but I beg to differ. With this, all we could possibly be doing is infringing pain and unnecessary turmoil to our citizens and doing nothing at all to the budget spending which most likely than not, isn’t going to change positively with even a single dollar. It will be equivalent to putting up a massive input and setting up a by far larger output that dry drain the economy, stagnant will then be our position forever no matter the effort.
I agree with every economist out there that fiscal policies, hypothetically appears an effective channel for nursing an economy. However, if poorly implemented they can turn into a time bombs that can easily retard the economy and in a worst scenario trip us into what economist would designate as hyperinflation. Thus, as the government resolves in this financial quagmire they should be ardent to exercise the maximum levels of caution so that the projected objective is realized, less we likely to sink into situations worse than those experienced in Zimbabwe.
I must also say that our government by virtue of having feeble unions to bargain for better wages and salaries has been spared the risk of inflation that comes as a consequence of gradual surge in consumers levels of income and goods and services prices. This situation though should not be assumed to be a lasting state of events especially with the trending state of revolution among African countries where folks are bit by bit becoming aware of their rights and indulgences provided in their constitutions. Then there should be accurately specified strategies to keep every economic development in watch because a time is possibly on its way when economic policies may not be adequately sufficient to counter the forces of inflation and other economic downslides.
Then those in government should come in terms with the reality that leadership is something more than cruising in big vehicles and sitting on the most lavish pews both in the parliament and their offices. They need to go slow on the government coffers if the picture of the Kenya painted  in the vision 2030 will get anywhere close to its realization.


No comments:

Post a Comment