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JUNE BUDGET for fiscal year 2010/2011
Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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Is the impendin budjet the reason why the market is tradin sideways. As an investor what do u expect from the budjet. Your future depends on your dreams so go to sleep !
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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BUDGET
BBI will solve it :)
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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I expect nothing from the budget empty promises from a bloated government. Last year's budget was praised for the economic stimulus package which was just a cropper alongside the funny ideas like kazi kwa vijana. It was also the biggest budget in kenya's history again the impact for the mwananchi is almost nil. The development budget has not even fully utilised. I miss David Mwiraria's budgets. They were bold and innovative
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Rank: Veteran Joined: 6/2/2010 Posts: 1,091
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If you are in employment, the tax bands may be widened. If this happens, you will have more take home pay to invest.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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I think I read somewhere that they might scrap stamp duty on property. Is it significant enough or it's one of those that make no difference?
BBI will solve it :)
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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qw25041985 wrote:Is the impendin budjet the reason why the market is tradin sideways. As an investor what do u expect from the budjet.
the U.S and European markets even the JSE have taken a beating in the past 2 days but they fired up today...i think KQ results out tomorrow will excite the market...its kawaida to see shallow corrections im a bull...lack of news...companies going ex dividend are other factors..the budget is crucial for industrial stocks such as EABL...BAT...
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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Will EABL and BAT escape the ritual sin-tax increase?
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Rank: Veteran Joined: 11/4/2008 Posts: 1,289 Location: Nairobi
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@ winston
Last year sin tax was increased on hot drinks only for it to harm sales drastically. The tax increase had to be scrapped by trhe government after a while. It was bringing in less than before. EABL turnover has stagnated over the years. Any increase will lead to a similar scenario like we had with the hot drinks last year. I hope the guys have learnt their lesson.
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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Another typo?
budJet? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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@ FundamentAli - Thanks. But doubt that KRA learnt from that fiasco.
With the safcom billions... i hope the minister will not be tempted to increase tax on airtime!
The budget should also be an interesting pointer to the IPO's (magnitude and timing aspect) of parastalals
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JUNE BUDGET for fiscal year 2010/2011
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