No tax increase in Sh2.6 trillion budget to be presented next week

National Treasury Principal Secretary Kamau Thugge. (Photo: Moses Omusula/Standard)

The Government has promised not to burden Kenyans with additional taxes as it presents its Sh2.6 trillion budget for the 2017-2018 financial year.

In the budget to be read next week on Thursday, the National Treasury says that in the absence of one-off expenditure such as drought mitigation, election funding, and the standard gauge railway, the pressure on the budget deficit has gone down and the remaining shortfall can be funded with the current taxation levels.