{"id":3778,"date":"2023-03-02T07:32:19","date_gmt":"2023-03-02T07:32:19","guid":{"rendered":"https:\/\/countysplash.co.ke\/?p=3778"},"modified":"2023-03-02T07:32:19","modified_gmt":"2023-03-02T07:32:19","slug":"subsidizing-maize-was-a-bad-economic-practice-mp-says","status":"publish","type":"post","link":"https:\/\/horizonnews.co.ke\/?p=3778","title":{"rendered":"Subsidizing maize was a bad economic practice, Mp Says"},"content":{"rendered":"<p><strong>By Iptisam Abdalla, Nairobi<\/strong><\/p>\n<p>Kenyans are expected to suffer as the Kenya Kwanza government has dismissed the payment of ksh 4 billion unga subsidy to maize millers predicting a rise in maize flour prices.<\/p>\n<p>The unga subsidy\u00a0 amounting to ksh 8 billion\u00a0 introduced in August\u00a0 2022 by Uhuru Kenyatta\u2019s administration with an\u00a0 aim of reducing unga prices from ksh 200 to ksh 100 was cut short by the government on grounds that it is a burden to the National Treasury.<\/p>\n<p>The National Assembly Budget and Appropriation Committee has on February 28, adopted the supplementary budget released by the Treasury in January 2023.<\/p>\n<p>Addressing the unga subsidy\u2019s pinch on the National Treasury, committee member Ndindi Nyoro said that the supplementary budget estimates have reduced the country\u2019s physical deficit to 5.7 percent of the Gross Domestic Product.<\/p>\n<p>\u2018\u2019 Through these supplementary estimates, we have condensed our appetite and physical deficit, which is 5.7 percent of our GDP\u201d said\u00a0 Nyoro.<\/p>\n<p>The chair\u00a0 of the finance committee, MP Kimani Kuria, said that subsidizing maize was a bad economic practice.<\/p>\n<p>\u2018\u2019 The whole model of thinking that to bring down the cost of maize flour is to subsidize miller\u2019s production is ill-informed\u2019\u2019 he added.<\/p>\n<p>The governments move on withdrawal of subsidies on maize flour is an increased punishment to Kenyans who are already struggling to put food on the table .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Iptisam Abdalla, Nairobi Kenyans are expected to suffer as the Kenya Kwanza government has dismissed the payment of ksh 4 billion unga subsidy to maize millers predicting a rise in maize flour prices. The unga subsidy\u00a0 amounting to ksh 8 billion\u00a0 introduced in August\u00a0 2022 by Uhuru Kenyatta\u2019s administration with an\u00a0 aim of reducing [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3778","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kenya-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Subsidizing maize was a bad economic practice, Mp Says - Horizon News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/horizonnews.co.ke\/?p=3778\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Subsidizing maize was a bad economic practice, Mp Says - Horizon News\" \/>\n<meta property=\"og:description\" content=\"By Iptisam Abdalla, Nairobi Kenyans are expected to suffer as the Kenya Kwanza government has dismissed the payment of ksh 4 billion unga subsidy to maize millers predicting a rise in maize flour prices. The unga subsidy\u00a0 amounting to ksh 8 billion\u00a0 introduced in August\u00a0 2022 by Uhuru Kenyatta\u2019s administration with an\u00a0 aim of reducing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/horizonnews.co.ke\/?p=3778\" \/>\n<meta property=\"og:site_name\" content=\"Horizon News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/horizonnewsglobal\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-02T07:32:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/03\/Pg-18-flour-\u221a-1200x675-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Horizon News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Horizon News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/horizonnews.co.ke\/?p=3778#article\",\"isPartOf\":{\"@id\":\"https:\/\/horizonnews.co.ke\/?p=3778\"},\"author\":{\"name\":\"Horizon News\",\"@id\":\"https:\/\/horizonnews.co.ke\/#\/schema\/person\/0aaeb0e26ff89059b5ef81bcf454e3c4\"},\"headline\":\"Subsidizing maize was a bad economic practice, Mp Says\",\"datePublished\":\"2023-03-02T07:32:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/horizonnews.co.ke\/?p=3778\"},\"wordCount\":227,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/horizonnews.co.ke\/#organization\"},\"image\":{\"@id\":\"https:\/\/horizonnews.co.ke\/?p=3778#primaryimage\"},\"thumbnailUrl\":\"https:\/\/horizonnews.co.ke\/wp-content\/uploads\/2023\/03\/Pg-18-flour-\u221a-1200x675-1.jpg\",\"articleSection\":[\"Kenya News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/horizonnews.co.ke\/?p=3778#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/horizonnews.co.ke\/?p=3778\",\"url\":\"https:\/\/horizonnews.co.ke\/?p=3778\",\"name\":\"Subsidizing maize was a bad economic practice, Mp Says - 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