Wednesday, 12 June 2013

Teachers, farmers and small businesses biggest losers in budget.

Teachers, small farmers, and small businesses are the biggest losers in the 2013/14 budget that is to be unveiled tomorrow. This is after the government slashed kshs.100 billion for social programmes. For instance, 1.3 billion shillings that had been set aside for training of small scale businessmen, as well as to facilitate start of small businesses has been slashed from the budget.

This comes even as most Kenyans derive their livelihood from the small and medium sized enterprises- SMEs. Equally, Kshs.1.8 billion that had been allocated as salary increment for lecturers has been slashed, a pointer to a possible lecturers strike in the course of the year. In the same respect, 40,000 additional new teachers will not be employed, as the government seeks to cut public spending.

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