State's plans to boost revenues are anti-business, says institute

The government seeks to raise Sh2.8 trillion by targeting individuals and businesses. [iStockphoto]

A public finance think tank has faulted the government's new plans to fix its finances through aggressive taxation which includes spying on mobile money transactions.

This is on the back of a battered economy, said the Institute of Public Finance(IPF), in a report on Kenya's fiscal state which cut the projected country's growth to five per cent this year - lower than the 6.1 per cent envisioned by the government.