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Budget 2014/15

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murchr		#1 Posted : Thursday, June 05, 2014 6:02:43 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Any leakages? Am seeing capital gains tax being implemented "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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hisah		#2 Posted : Friday, June 06, 2014 2:28:27 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		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. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr		#3 Posted : Friday, June 06, 2014 2:55:14 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		@hisah GOK is really broke and some subsidies were cut off, there's an URGENT need for more elec rumors have it that we may be loosing heavies to Ethiopia because of our deficit in energy. So my thinking is CGT will be introduced but maybe for a start it will be limited to real estate then later to the NSE. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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mkonomtupu		#4 Posted : Friday, June 06, 2014 10:04:54 AM
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road		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 Quote: The committee says in the revised Budget proposals that Treasury’s revenue estimate of Sh1.086 trillion was above the fair projection of Sh60 billion and would require the Kenya Revenue Authority to collect Sh286 billion more in the year. “This target is ambitious given that ordinary (tax) revenues are projected to grow by 17 per cent relative to 14.1 per cent growth in nominal GDP (real GDP of 5.8 per cent). It is not clear how the ongoing reforms in tax and customs administration will help boost revenue,” said the committee in its report tabled on Wednesday this week. 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
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KulaRaha		#5 Posted : Friday, June 06, 2014 10:47:50 AM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		If capital gains is introduced, the first one to be hurt is the current resident of StateHouse himself. #campusdivabudget Another fumble on its way... Business opportunities are like buses,there's always another one coming
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murchr		#6 Posted : Sunday, June 08, 2014 5:07:34 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		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 "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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sparkly		#7 Posted : Monday, June 09, 2014 7:05:35 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Capital Gains Tax will be introduced on land transactions for the big boys who do over KShs 50m per year. Life is short. Live passionately.
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muganda		#8 Posted : Wednesday, June 11, 2014 2:27:01 PM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		Click to view Infographic: Allocated budget versus actual spending for 2013-2014
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Angelica _ann		#9 Posted : Wednesday, June 11, 2014 3:01:43 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,937		Is the 1st item on infrastructure correct ... if so then it would be very sad! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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murchr		#10 Posted : Wednesday, June 11, 2014 3:08:45 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		muganda wrote: Click to view Infographic: Allocated budget versus actual spending for 2013-2014 Expenditure jameni? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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