The Jubilee Coalition if elected has vowed to reconsider Kenyaâ€™s relations with the Western Countries that are key in Kenyaâ€™s economic development on their position as regards to the ongoing ICC cases. Withdraw of essential funding that complements the tax revenues will lead to high budget deficit.
To bridge the budget deficit in order to sustain government expenditure especially the ever rising wage bills, the Jubilee Government will resort to among other things: raising taxes including income tax, VAT, duties on imports among others tax categories. This will have a serious impact on households especially the middle class and the rural poor.
Here are some of the effects of sanctions:
- The European Union will put an embargo on flower exports from Kenya meaning there would be no access of market for the flowers leading to loss of massive jobs and foreign exchange in the flower cluster around Naivasha, Limuru, Nairobi, Nakuru,Thika and Kericho
- Travel advisories will impact on tourism as tourists will shun Kenya and the industry will collapse. N/B Most Tourists visiting Kenya are from Britain, US, Italy and Germany and zero from China, Russia, Syria, Iran, North Korea, Sudan among other rogue states- friends of Jubilee
- Programs like Free Primary Education and the life sustaining and critical national HIV & Aids management effort would collapse as they are funded by European Union and the USA
- Farmers in the tea and coffee industry will be hard hit as there will be no market to sell their produce. The ban of miraa export to Netherlands is a case in point.
- Kenyan artisans will not get a market to sell their artifacts. The soapstone industry in Kisii, the Masai beads, Ciondo weaving among other small micro business will collapse
- Most international companies having their regional headquarters in Nairobi will have to relocate to pro West regime territories like Tanzania and Uganda; this will lead massive job losses, the Konza IT City will be a white elephant
- Most investors will shun Kenya hence zero Foreign Direct Investment into the economy worsening Foreign Exchange reserves and a declined or stagnated economic growth
- The United Nations will relocate the UNEP headquarters from Kenya most probably to South Africa or Germany.
Are we ready to see our economy collapse like that of Zimbabwe? Kenyans are slowly but surely realizing what is at stake, and some politicians trying hard to shift debate from these critical issues, and keep the masses under the tribal spell. Vote wisely by making the right choice on 4th March 2013!