KCCI Pre-Budget Report 2019-20 An IMF Budget in the Making

KCCI PRE-BUDGET REPORT 2019-20 AN IMF BUDGET IN THE MAKING 

Published in: June 2019

Federal Budget FY20 is due to be announced on June 11, 2019 and is likely to revolve around incessant increase in tax collection, removal of tax exemptions broadening of tax base, improvement in tax infrastructure, removal of anomalies, debt repayments, and implementation of measures to resolve long lingering problems like energy shortages. The forthcoming budget is expected to substantially stifle national GDP growth, suppress most form of development activity, hamper agricultural sector and unleash an unbearable wave of inflation across all income levels. The budget appears to have all the hallmarks of a typical IMF budget, In other words, budget FY20 is undisputedly an “IMF budget”.

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