A number of small-and-medium enterprise (SMEs) operators interviewed by Business Times in a mini-survey conducted last week, say the government should review the tax regime and prioritise the production sectors of the economy in the coming budget to spur local production.

 

They also expect the government to announce policies that will support enterprises and boost local industrial growth.

 

Jean Pierre Nduwumuremyi, a shopkeeper in Kimihurura sector, Gasabo District, said government should support the agriculture sector to improve production. Nduwumuremyi added that the local production of some crops, like Irish potatoes, does not satisfy the market demand and that causes price hikes that discourage clients.

 

He also said the government should provide more funds to support SMEs in the next budget.

 

Jean Paul Nduwayo, a trader in City Market, said the government should provide more support and incentives to the manufacturing sector to boost industrial growth.

 

Eugenie Nyiramana, a trader at Kimisagara Market, Nyarugenge District, decried poor infrastructure at the market, saying it is affecting business operations. Nyiramana said the market has no parking lot for customers, which discourages some from coming to the market.

 

Ange Giramata, a shopkeeper in Kimironko, Gasabo District, said most of the people who start businesses have no skills, calling on government to provide for training in the budget, arguing that this will boost capacity of business owners.

 

Jean Baptiste Hakizimana, the manager of Good Hope Forex Bureau, said government should cut taxes, and promote exports to enhance foreign exchange inflows into the country to ease pressure on the local currency. He said forex traders pay 30 per cent income tax, supervision fees of Rwf300,000 per year, besides Rwf600,000 monthly rent, which he said was affecting their earnings.

 

Eugene Musinga, the finance manager of TMM Sound Company in Nyarugenge town, also wants government to reduce taxes, adding that most SMEs could close shop because of taxes and other operation costs.

 

In the next fiscal year, government projects to raise Rwf938.6 billion from tax revenue, up from Rwf906.8billion this financial year.

Source : IN 2 EAST AFRICA