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Ways in which the government of Kenya promotes entrepreneurial development include;Building or improving all infrastructure such as roads, sewerage systems etcImproving the level of securityLowering taxation/giving tax exemptions or holidaysProviding subsidiesControlling the cost of electricity and petroleum products/make it affordable to encourage production
Main short term ways of financing government budget deficit are;Use of open market operationsRunning down cash reservesBorrowing both locally and abroadUse of fiduciary issues or paper monies
The pros and cons of starting a chemist business in Kenya arePros of Chemist business in KenyaProfit: High returns if you have professional knowledge and are at a good locationCons of starting a Chemist business in KenyaUnreliable employees: If you are not a pharmacist or pharmtech then it is difficult to find someone with professional knowledge that you can trust. Most employees do steal from people who have no knowledge of the businessLicense: You need a pharmacist or pharmtech License, otherwise Pharmacy and Poisons board will not give you peace. Getting a license from someone itself is not easy.High Capital: You need alteast 1 million for a good stock, rent in a good location, and licensesImportant: A chemist is not a shop. It is a professional service that should be run by people who have knowledge in that field for it to succeed. Consider another business if you want to start any small business that requires professional knowledge that you don't have.
Roles of parliament in the budget process in Kenya are;The proposals are debated upon by the Members of Parliament.Budget proposals are presented to Parliament by the Finance Minister in June each year. Parliament will monitor budget implementation through the Public accounts Committee, Public Investment Committee.Each Ministry will seek authority from parliament to get funds from the consolidated fund.
The three stages of budget making process in Kenya are;The drafting stageThe legislation stageThe implementation and audit stage