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What are the problems encountered in planning the national budget in Kenya?

Explain five problems encountered in planning the national budget in Kenya.

Answers


John
1. Widespread poverty and increased unemployment

2. Emergencies which induce unexpected events e.g. bomb blast

3. Lack of consistency on sound economic planning

4. Increased population requires expanded budget

5. Factoring in donor aid which comes with stringent conditions before disbursement of the loan

6. Reduced import earnings and high interest rates which has reduced net capital flow

7. Outbreak of drought and famine which has affected the economy

8. Misappropriation of funds where money is used for what it is not intended for

9. Inadequate resources to raise revenue from which to plan the government expenditure
johnmulu answered the question on January 30, 2017 at 06:08

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