Tues 10th August 2027, Election Day
Sugar at 175 per kilo. Unga past 150.Mafuta 300 per litre
But Pundit says the Kenya economy looks more rosig than even the days of Kibaki in 2004.Quote from: gout on June 12, 2025, 09:41:59 PMSugar at 175 per kilo. Unga past 150.Mafuta 300 per litre
A Sh253 billion revenue shortfall, barely two months from the end of the current financial year on June 30, 2025, points to heightened borrowing in the medium term to plug financing holes.Documents submitted by the National Treasury show that the Kenya Revenue Authority (KRA) collected Sh2.26 trillion by April against a target of Sh2.51 trillion.“We have prepared the supplementary estimates III to accommodate the changes and align the budget with the new developments,” National Treasury Cabinet Secretary John Mbadi in a memorandum to the Supplementary Budget III budget tabled in Parliament.The missed revenue targets have seen the government review the ordinary revenue target downwards to Sh2.49 trillion from the projected Sh2.58 trillion in the supplementary estimates III before the National Assembly with the Appropriation in Aid (AiA) projected at Sh489 billion.Mr Mbadi attributes KRA’s below-target performance to a shortfall registered in the collection of ordinary revenue by Sh195.3 billion and a shortfall in AiA of Sh57.7 billion.The shortfall means that the government cannot increase taxes to finance the government operations, but has the only available option of borrowing locally and in the international market. This will see the country’s fiscal deficit hit Sh797.7 billion.
