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Treasury in tight spot as tax revenue falls short of target

Treasury building in Nairobi.

Kenyans should brace for tough times ahead as the government faces a revenue shortfall that could see Treasury introduce new taxes in the next financial year to bridge the budget deficit.

According to the latest revenue statement from the National Treasury, the Kenya Revenue Authority (KRA) has managed to collect just Sh900 billion against a target of Sh1.6 trillion with just three months left to the 2018/2019 financial year.

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