Kenya's economic growth to be assessed and revised

By Robert Mutasi

The time has come for the nation of Kenya to review and evaluate the growth and levels of the country's economy.

The deterioration of the economy of this country has become clear through various criteria such as the high cost of living.

The cost that has caused ordinary citizens to afford essential products as well as basic needs. Because a detailed inspection will greatly help to solve the challenges facing this country and provide appropriate solutions .

Reports from the World Bank indicate that in 2024, Kenya's GDP has decreased to 5% percent from 6% percent in 2023.

The World Bank has mentioned fiscal challenges and other external factors  as one of the main reasons that have contributed to the decline in the National GDP.

A budget that exceeded the national treasury, public debts, risks affecting the economy such as inflation, frequent changes in the price of goods contribute to the decrease in the country's income.

The opposition also contributes greatly to the deterioration of economic growth because there may be conflicting positions against bills and legal and economic issues in general.

If the country boycotts economic audits then there will be many consequences in various departments.

The rate of employment growth in the country will double if the government refuses to assess the economic levels and thus leads many people to lose and become unemployed.

Apart from the existence of unemployment, investment will also decrease to a large extent.

Domestic and foreign investors will rush to invest elsewhere as a good improved business environment attracts investors in any country.

Extreme poverty levels will spread to many areas in Kenya as soon as the economy deteriorates due to the drop in the income levels of the people.

After the audit, the government needs to consider measures such as financial advice and how to use the money effectively through preparing a budget that is compatible with the country's treasury or income to prevent arbitrary use of money.

Involving women in the construction and development of the country as, by doing so, work performance will increase and contribute a lot of income.