Spare Kenyans pain of heavier tax burden

For KRA to raise that revenue, the government needs to expand the tax base and by a huge percentage. [Denish Ochieng, Standard]

The Treasury has released its Budget Review and Outlook Paper. It is a guide on how the government plans to raise money and spend it in the next financial year. In the 2023-2024 projection, the Treasury plans to spend a whopping Sh3.64 trillion. This is 10 per cent higher than the previous budget.

In the forecast, the Treasury says of the amount, Sh2.42 trillion will be spent on the recurrent budget and Sh796.4 billion will go to development. All these looks good but the projections on revenue collection is where the majority Kenyans will be pushed to cough up more. The Treasury has increased the targets for the Kenya Revenue Authority by 27 per cent.