The Kenya Kwanza administration has been in power for around four months, but William Ruto's team is still having significant problems with revenue.
In light of these difficulties, the government plans to increase revenue collection in an effort to reduce the increasing public debt, which now totals several trillion shillings. As a result, the Kenya Revenue Authority has been told to treble revenue collection.
The Ruto government is currently recommending a rise in the pricing of a number of well-known commodities in an effort to generate more income, according to NTV Business journalist Julians Amboko.
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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