Blow for William Ruto's tax plan as KRA misses target by Sh43.2 billion

President William Ruto during the 2022 Taxpayers' Day at the Kenyatta International Convention Centre, Nairobi on October 28, 2022. [PCS]

New data shows that tax collection in the six months of the current financial year fell short of the new government's target by Sh43.2 billion. This deals a major blow to President William Ruto's revenue collection plan to fund his costly campaign promises.

The Kenya Revenue Authority (KRA) collected a total of Sh985 billion between last July and December in taxes, falling short of the target of Sh1.028 trillion that the National Treasury had set for the period.