Nora JC

Agriprenuer KE 2021.

'Let thy food be thy medicine and medicine be thy food

[Kenya Bankers Association (KBA) @KenyaBankers]

If the Government considers a 5% PAYE reduction across all tax bands, Kenyans will have more money to spend, save, and invest, stimulating demand for goods and services, supporting business growth and job creation, and ultimately generating higher tax revenues for the Government through increased economic activity.

Over the past five years, rising taxes and the high cost of living have reduced real household incomes by an estimated 10.7%–12%, further strained by multiple statutory deductions.

A 5% PAYE reduction would inject approximately KES 28.1 billion into the economy annually, generating an estimated KES 42 billion in immediate GDP output through increased household spending and business activity.

The increased disposable income will also unlock up to KES 140 billion for loans, supporting MSME growth, business expansion, and private sector investment.

With every KES 1 billion invested in MSMEs supporting approximately 1,300 jobs annually, the policy will help create around 36,000 new jobs each year while generating an additional KES 27–31 billion in tax revenues over the medium term through expanded economic activity.
#BeyondBanking

[Nora JC @NoraJC2021]

Choose to live-life with a clear PURPOSE....

[AI Guide @AIGuide_]

The race of life.