Kenya currently runs a revenue yield gap of eight percent of GDP—meaning that the country’s tax to-GDP-ratio of about 14 percent is below the ideal level of 22 percent.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Kenya is unable to meet its fiscal consolidation targets because of cash demands by education and security sectors, which were allocated Sh1.35 trillion in this year’s budget, President William Ruto’s chief economic advisor, David Ndii, has said.
Kenya’s rising deficit and debt underscore the need for tax reforms, spending discipline, and structural change to secure fiscal…
The deficit has persisted despite repeated promises of fiscal consolidation, reflecting insistent pressure from debt repayments,…
Kenya faces severe fiscal pressures and cash constraints driven by high debt-servicing costs and below-target revenue…
Rating firm warns austerity measures unlikely to yield much amid revenue shortfalls. It also cites country’s heightened debt…
Figures indicate that while Corporate Kenya remains profitable, earnings growth is steadily losing momentum amid weaker consumer…
Rating firm warns austerity measures unlikely to yield much amid revenue shortfalls. It also cites country’s heightened debt…
