Covid-19: Hits and misses of State stimulus package : The Standard - News Summed Up

Covid-19: Hits and misses of State stimulus package : The Standard


Covid-19: Hits and misses of State stimulus packageThe Kenyan government has finally given an economic response to the coronavirus (Covid-19) pandemic.The government instituted a stimulus package in the 2009/2010 financial year when Uhuru Kenyatta was the Finance minister. In addition, a rise in oil prices, drought, and the ripple effect of the 2008/2009 global economic crisis also made such an economic stimulus package necessary. SEE ALSO :China virus cases spike, 17 new infections reportedFate has it that it is Uhuru instituting another stimulus package as president but under very different circumstances - a medical emergency. SEE ALSO :Travelers to be screened for ‘Chinese’ coronavirus- GovernmentThese steps are very different from the 2009/2010 stimulus package. The stimulus package is great for those formally employed.


Source: Standard Digital March 31, 2020 11:03 UTC



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