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.
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