• Login
    View Item 
    •   Repository Home
    • Media and Public Engagement
    • Media and Public Engagement by Staff Members
    • View Item
    •   Repository Home
    • Media and Public Engagement
    • Media and Public Engagement by Staff Members
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Reform fuel subsidies to cushion them from politics, achieve goals

    Thumbnail
    View/Open
    Blog link (243bytes)
    Date
    2023-08-25
    Author
    Odhiambo, Joab
    Metadata
    Show full item record
    Abstract
    In a free-market system like Kenya, the forces of supply and demand ought to determine fuel prices. But fuel has been a political tool in the country, often used to woo voters during elections. Last year, for example, President William Ruto promised voters that removing the fuel subsidy would stabilise fuel prices, a concept that has proven to be economically unfeasible. While most economists view a subsidy as a failure if it doesn't improve the overall economic performance, policymakers may still deem it successful if it serves different roles. Many subsidies may be economic failures in the long run but still achieve political aims. The staunchest supporters of subsidies are often those who benefit directly or indirectly, and the political temptation to appeal to special interests is a compelling incentive for Kenyan politicians and policymakers. How do we stop this politicisation? Reforming government subsidies is a multifaceted task that demands a profound understanding of the political dynamics.
    URI
    http://repository.must.ac.ke/handle/123456789/989
    Collections
    • Media and Public Engagement by Staff Members [26]

    MUST Repository copyright © 2002-2016  MUST Repository
    Contact Us | Send Feedback
    Theme by 
    MUST Repository
     

     

    Browse

    All of the RepositoryCommunities & CollectionsBy Issue DateAuthorsTitlesSubjectsThis CollectionBy Issue DateAuthorsTitlesSubjects

    My Account

    LoginRegister

    MUST Repository copyright © 2002-2016  MUST Repository
    Contact Us | Send Feedback
    Theme by 
    MUST Repository