The Kenya Kwanza administration is now roughly four months in office even as the William Ruto led team continue to grapple with serious revenue issues.
It is in the backdrop of these challenges that the government is planning to raise revenue collection in a bid to deal with the spiraling public debt that runs into several trillions of shillings. The Kenya revenue authority has therefore been instructed to double revenue collection.
As NTV Business journalist Julians Amboko reports, the Ruto administration is now proposing an increase in the prices of several popular goods in a bid to raise more revenue.
The prices of the said goods are set to increase courtesy of a rise in taxation.
"Folks, National Treasury is proposing an increase in excise stamp fees: Cigarettes from Kes 2.8 to Kes 5.0, Fruit juices from Kes 0.6 to Kes 2.2, Cosmetics from Kes 0.6 to Kes 2.5. Bottled water retained at Kes 0.5. Deadline for comments on this proposal is 3rd February 2023," be reported.
Content created and supplied by: Lilian_Aloo (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More