Wangrawa, Jacqueline Wendpagnangde and Mutabazi, Michel (2023) An Exploration of Annual Budgets and GDP Trends of Kenya for the Period 2018-2023. International Journal of Developing and Emerging Economies, 11 (2). pp. 42-76. ISSN 2055-608X (Print), 2055-6098(Online)
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Abstract
This study presents a comprehensive analysis of the annual budgets and of gross domestic product (GDP) changes in Kenya over the last six years to identify and understand the economic trends and some factors that have influenced the growth and development of the country. Kenya is considered to be an emerging country in Africa and in the countries of the East African Community, of which it is a member. The study uses a quantitative technique to assess the annual budgets of Kenya, focusing primarily on revenue and expenditure, including some important areas such as infrastructure, health care, and education. It also examines the internal and external variables that influence the evolution of GDP and, finally, it identifies the financing mechanisms. The study revealed fluctuations in annual budgets and GDP over the last six years. But in general, increasing changes indicate a growing economy. The study recommends a genuine inclusive approach to budget preparation, evaluation of tax policies to create positive attitudes of citizens towards taxes, and improved debt management to reduce the risk of indebtedness.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Depositing User: | Professor Mark T. Owen |
| Date Deposited: | 08 Sep 2023 20:17 |
| Last Modified: | 08 Sep 2023 20:17 |
| URI: | https://tudr.org/id/eprint/2184 |
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