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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Two reports released last week are a clear demonstration that the Government needs to re-engineer the way it raises taxes, borrows money and finances its operations.
The Parliamentary Budget Office (PBO) report showed that only a third of the Government’s development projects were implemented last year. Although this low expenditure was, ostensibly, driven by even lower absorption of foreign financed projects, there is reason to believe that the challenges Kenya Revenue Authority (KRA) faced in meeting its collection target also played a part.
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