The Kenya Private Sector Alliance (KEPSA) has unveiled eight key reforms it will advocate for in government following the recent anti-Finance Bill protests. In a statement, KEPSA acknowledged the validity of the youth’s concerns and emphasized the need for various reforms to revitalize the country’s economy.
Austerity Measures and Government Downsizing
As part of the proposed austerity measures, private sector players revealed their intention to push for the downsizing of the government to reduce recurrent expenditure. They also highlighted the necessity for the government to cut wastage and utilize available resources prudently.
Improving Tax Compliance and Fighting Corruption
KEPSA stressed the importance of improving tax compliance and ensuring that the government implements projects using available resources efficiently. Additionally, they called for a stronger fight against corruption.
“Ensure a balanced budget that reflects the citizens’ needs while enabling the government to operate within the confines of the Public Finance Management framework,” the statement read. “Re-evaluate the current economic model to ensure Kenya’s economic growth agenda is not compromised.”
Youth Involvement in Policy Making
The private sector also expressed its commitment to pushing for greater youth involvement in policy making, recognizing the critical role of young people in shaping the future of the country.
IEBC Reforms and Representation
Responding to concerns raised by Kenyans, KEPSA stated that it would advocate for the reconstitution of the Independent Electoral and Boundaries Commission (IEBC) and ensure youth representation in the proposed IEBC reforms.
“In the long term, we realize that the current economic and political models are not serving us in achieving Vision 2030. The system is broken, and we, as a country, must bring all to the table to craft a system that doesn’t exclude over 60% from economic and political participation,” the statement continued.
KEPSA members, including the Kenya Association of Manufacturers (KAM), form the backbone of the largest employers in the country, underscoring the significant influence they wield in driving these reforms.
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