CGT with the current Mr Market mood will definitely spark a selloff.

A 1.8T budget borders on inflation and if not well managed the risk of an inflation spike episode becomes real.

the budget looks like the kind of thing a campus diva would put together. The revenue projections are too optimistic heck even the parliament's budget committee is worried
http://www.businessdaily...-/12wohr6z/-/index.html


The money market is not too impressed under-subscription on 91, 182 and 364 treasury bills.

Just like a good campus diva GoK has gone on a road show

According to theEastAfrican the budget is Ksh1.77 trillion ($20.34 billion)

Kenya expects economic growth to rise to 6.4 per cent in 2015.

Priorities for the fiscal year 2014/15 will focus on more investment in devolution, infrastructure, diversification and commercialisation of agriculture and food security. More about boosting the performance of the manufacturing sector, improving access to African and global markets, creating more jobs for the youth and improving access to education, water and healthcare.

To attract investors, the government says it will waive tax on interest payment.

According to the Treasury, the government expects to finance the budget by raising Ksh1.18 trillion ($13.56 billion) through taxes and non-tax revenues.

Nothing much from the article i guess we'll have to wait for Thursday

Expenditure jameni?

I guess Bamburi and PORT are the buys

How do the sources and allocations compare with 2013/14

Something has to give, GoK appears to believe expenditure can continue to grow at double digit when the economy is barely growing beyond 5%. Why do I fear we are slowly finding our way to the PIGS sty. It all started with huge expenditure on infrastructure for the PIGS states but unfortunately infrastructure alone can cut both ways. Yes it is good but it must move along with other enablers. We should also start measuring the efficiency and impact of these infrastructure expenditures.