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Government had only Sh2.8 billion in its accounts to fight Coronavirus

Treasury CS Ukur Yattani. [Edward Kiplimo/Standard]

The Government had only Sh2.8 billion in its account by end of February, which was too little to help combat the effects of the coronavirus pandemic.

The latest data from the National Treasury shows that nearly every shilling the Kenya Revenue Authority (KRA) collected in taxes has been spent on paying salaries, debts and other recurrent expenditure, leaving the Exchequer with a pittance to spend on a rainy day.

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