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Mbadi: Kenya spends half of its tax revenue servicing debt

National Treasury Cabinet Secretary John Mbadi. [Screen grab]

National Treasury Cabinet Secretary John Mbadi has revealed that Kenya can no longer rely on higher taxes or fresh borrowing to fund major infrastructure, warning that nearly half of all tax revenue now goes to debt repayment.

Mbadi said on Wednesday, December 10, that the government plans to remove commercially viable infrastructure projects from line ministries and transfer them to specialised companies to attract private capital and create jobs for youth.

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