Mariri Consulting Limited, P. O BOX 508, Kiambu (2026)

19/07/2023

MY TWO CENTS ADVICE TO KK GOVERNMENT I am a finance and tax expert and have very limited knowledge on politics and political leadership but have been in corporate world long enough to draw some lessons.
As a patriotic Kenyan am concerned by how this team is running the country and our future. First Kenya has had three retired presidents including the only surviving one in UK. None of them had messed up the country to the extent Moi had. We all expected Kibaki would on ascending to power to arrest him to recover the loot and use him as excuse for his future failures' if indeed he would have failed and several characters close to his regime were very eager to do that led by Kiraitu murugi (admitted to this) in subsequent interview after he left office with huge corruption scandals over his end and the then Kieni MP chris Murungaru who had a similar experience.
Kibaki refused and didn't waste his time blaming Moi but quickly got to work to improve what he thought was wrong then using experienced civil servants the like of Muthaura, Mule, Mwiraria, Waweru and others who were intellectuals like Nyongo,Kituyi, Saitoti and others unlike the current team that is solely relying on inexperienced team without naming names.
By targeting the retired president you are laying ground to stick around beyond the constitutional limits to avoid facing a similar situation look around and examples are many, please don't go this way, our democracy is way ahead of this,deal with your situation better. And no better way than having proper people around you who can in there sleep draw the future Kenya without them. And do it clearly, and please note your senator can't be near the people I have in mind here.

The above is only for the retired president as for the opposition leaders please deal with them the best way possible to get this circus of using us for personal interest to stop. The opposition leaders doesn't represent us but are out to use us to achieve personal interest like they have done before, We are joining them because you are also squeezing the little we have, no salaried Kenyan who constantly saves 10% of their income. By taking (6,1.5 and 2.75)% off their payslip you're condemning them to poverty no rent/school fees/extended family support/social support or own development, please go slow on deductions.

Why can't you, instead introduce tax on the rich, say like tax more the high end vehicles, luxury items including hotels and gambling, the luxury watch you wear and designer suits if is to generate revenues without affecting quality of life. Introduce tax on owners of unproductive land like anything above 100 acres, or this will affect the mighty. Tax wealth of guys who own but have never paid taxes the sonkos of this country. Let's have their returns including those of their family members who pay no tax. Let KRA trace money and take the 30% of wealth including from wash wash guys of kilimani who drive around in high end vehicles including the politicians.

This one is solely relying on the head of state and lacks experience nor intellectual capacity to advise and run the country currently faced with myraid of problems, blaming previous government will not solve the problem but having a great team and a coherent policy. You can't be religiously following instructions from IMF and World Bank locally and bashing them on global platform and expect to get out of the woods on there advice it can't happen and you must agree with me.
If you are approaching revival of economy by building on cottage industry production,then personal loans must be available and cheap but this cannot happen with you borrowing from the market at 17%. And it will not survive if your trade CS is authorizing importation of barsoaps that hustlers make in their makeshift houses in slums (I use detergent made in kawagware) now I will start using one imported from China to punish cartels(the mama who supplies me). To whose benefit? If I may ask?
Moses kuria is advancing interests that will neither help consumers or government hope you have the bigger picture in your mind else call him to order.

This is an edited version
Citizen TV Kenya State House Kenya Pulse Kenya Capital FM William Samoei Ruto

30/03/2023

The current regime will borrow more than any other in our history. And is likely also to run dirty money through our financial systems which will completely overrun the integrity the current CBK governor has built over the years. Wait until Njoroge is replaced by a compliant person.

21/07/2022

Except more taxes with the new government

15. The FY2022/23 Budget as approved results in uncertainty on tax revenues, reinforcing
the need for contingency plans (MEFP¶22). Amendments to the Finance Bill made shortly before
Parliament adjourned ahead of elections, although smaller than originally proposed following
engagement by National Treasury, eliminated 0.2 percentage point of GDP in tax measures
envisaged under the FY2022/23 Finance Bill (MEFP¶22). The authorities are reacting to this decision
by introducing a new package of tax administration measures—drawing on recent Fund TA—and
expediting resolution of pending legal challenges to the minimum alternative corporate tax (MACT)
by July 2022, which together are expected to compensate for roughly one-half of the tax loss. The
reminder would be offset by the higher-than-previously-expected permanent improvement in
FY2021/22 tax mobilization (Box 2), estimated to have a tax carryover to FY2022/23 of 0.4 percent of
GDP as opposed to a 0.3 percent of GDP envisaged at the time of the FY2022/23 Budget proposal.
Should the resolution of the legal challenges to MACT not be favorable, the authorities are
committed to introduce in FY2022/23 additional tax measures for an equivalent amount.
16. Cognizant of the uncertainty surrounding fiscal performance in FY2022/23, the
authorities stand ready to adopt further contingency measures (MEFP¶24). A deterioration of
the macroeconomic environment (¶10. ), could significantly affect tax collection by depressing the
yield of tax measures and could undermine the feasibility of the strategy of gradual domestic fuel
price adjustment thus delaying elimination of fuel subsides. To ensure that the FY2022/23 program
targets are observed, the authorities committed to compensate any revenue shortfall with additional
tax measures, drawing from their Medium-Term Revenue Strategy (MTRS) developed with support
from Fund technical assistance (TA, ¶24. ). They also stand ready to adopt spending offsets, if
need be, and to consult with the Fund on appropriate policy responses to very large negative
surprises from global fuel prices.
17. Beyond FY2022/23, the authorities’ fiscal strategy aims to reduce debt vulnerabilities
while protecting high-priority service delivery and investment programs. A key objective is to
put debt on a downward trajectory by bringing the primary deficit below its debt-stabilizing level in
2023 via revenue-mobilizing and expenditure-curbing measures. On the revenue side, the fiscal path
calls for introducing additional tax measures for 0.9 percent of GDP in FY2023/24 (the MTRS will set
out possible measures).
11 On the expenditure side, restraining recurrent expenditures—particularly
10 As per the TMU (¶7), the envelope of SOE support covered by the SOE adjustor is 1 percent of FY2021/22 GDP (i.e.,
Ksh.127.5 billion), half of which will be financed through budgetary offsets and the remaining half through higher
borrowing. This limits the total increase in the deficit of the primary balance over FY2021/22–FY2022/23 due to SOE
support to 0.5 percent of GDP. Staff estimates that the authorities will have used nearly Ksh.69 billion (Ksh.32.3
billion in FY2021/22 and Ksh.36.6 billion in FY2022/23) of the Ksh.127.4 billion covered by the SOE adjustor.
11 On revenue administration, priorities include: i) detect and deter non-compliance, including strengthening the
large taxpayer offices and effective risk management; ii) improve audits; and iii) enhance collection of tax debt.
KENYA
16 INTERNATIONAL MONETARY FUND
for wages and transfers—will need to go hand in hand with improvements in public investment
management (MEFP¶30–31). These efforts should be supported by continued progress in improving
public financial management systems—including by strengthening expenditure controls and public
procurement consistent with a recent Public Expenditure Review from the World Bank (MEFP¶29,
¶32).
18. Public debt is sustainable but remains at high risk of distress (DSA, EBS/21/29). Under
the baseline, public debt is expected to peak at 70.4 percent of GDP in FY22/23. As the consolidation
efforts continue, the primary deficit is projected to fall below its debt-stabilizing level in 2023,
putting the debt ratio on a downward path (Tables 2a and 2b).
19. The authorities are also pursuing other actions to reduce debt vulnerabilities. To
strengthen their legal framework on indebtedness, National Treasury submitted to Parliament an
amendment to the PFM Regulations to replace the current nominal legal ceiling on debt issuance (at
KSh.9 trillion) with a medium-term debt-to-GDP anchor of 55 percent of GDP in present value (PV)
terms (MEFP¶33). Critically, the proposed anchor would be set at 55 percent of GDP consistent with
maintaining debt sustainability in the face of shocks. A key component of the proposed framework
is an accountability requirement—whereby the government must explain to Parliament how planned
policies would bring the debt ratio from current to targeted levels. The Fund-supported program
will provide strong reinforcement for the authorities’ plans to durably reduce debt in the coming few
years while debt exceeds the anchor level. However, the planned transition from a nominal legal
public debt ceiling to a debt anchor has been postponed allowing further consultation and is now
expected to be enacted by end-2022. As an interim measure, an amendment of the PFM Regulations
was passed to raise the existing legal public debt ceiling to Ksh.10 trillion. Other steps are also
underway to strengthen debt management and reporting (MEFP¶33), including by expanding the
coverage of public debt to include SOE debts not currently captured.

05/11/2021

The toxic taxation in Kenya......my dissertation

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